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xplaceapp Says About $392,000 of TVL Was Affected by Drift Exploit

The project said the impact included about $113,000 in team capital, linking part of its losses to the Drift exploit.

Summary

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Terms & Concepts
  • TVL (total value locked): The total value of assets deposited in a crypto protocol or application, commonly used to measure platform size and user funds at risk.
  • Exploit: A security incident in which an attacker uses a vulnerability or system weakness to extract funds or manipulate a protocol.
  • Team capital: Funds owned by a project team rather than users, often used for operations, liquidity, or treasury management.