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Galaxy Research Highlights Resolve and Drift Crypto Hacks in Latest Discussion

Galaxy Research Highlights Resolve and Drift Crypto Hacks in Latest Discussion

A new legal development adds that Gibbs Mura is investigating claims tied to the April 1 Drift Protocol breach, which was reported at roughly $280 million to $285 million in stolen investor funds.

SOL

Fact Check
The claim has two main parts: (1) a new legal development that Gibbs Mura is investigating claims tied to the April 1 Drift Protocol breach, and (2) that the breach was reported at roughly $280 million to $285 million in stolen investor funds. Source "Drift Protocol Cryptocurrency Hack Class Action Lawsuit Investigation" from Gibbs Mura directly confirms the investigation and explicitly states the April 1, 2026 exploit allegedly drained an estimated $280-$285 million. The PANews article "美国律所Gibbs Mura就Drift黑客事件发起集体诉讼调查 | PANews" independently repeats the same legal-development and amount figures, citing Business Wire. For corroboration on the hack size itself, "Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC" reports a $285 million hack, while "Drift Protocol exploited for $286 million in suspected DPRK-linked attack" puts the amount slightly higher at $286 million. That small variance is common in fast-moving hack reporting and does not materially undercut the user's 'roughly $280 million to $285 million' wording. Overall, the legal investigation is well supported, and the loss amount is substantially corroborated within a very close range.
Summary

Drift Protocol had previously said $285 million in crypto assets were stolen and that it was coordinating a recovery plan focused on stabilizing operations and providing protocol-level assurances to affected users and partners, while also joining the Solana Foundation’s STRIDE security initiative. A new update adds that law firm Gibbs Mura has launched a class-action investigation into the April 1 Drift Protocol security breach, describing the incident as involving about $280 million to $285 million in stolen investor funds. The firm is also reviewing potential claims against Circle Internet Financial over its handling of assets moved through Circle’s cross-chain transfer protocol. The topic remains connected to broader crypto security incidents previously noted by Galaxy Research, including Resolve’s $80 million theft.

Terms & Concepts
  • STRIDE: A security initiative by the Solana Foundation that Drift Protocol said it would join after the theft.
  • Crypto assets: Digital assets such as cryptocurrencies or tokens held on blockchain-based networks and platforms.
  • Cross-chain transfer protocol: A system that allows assets to move between different blockchain networks, in this case referenced in relation to Circle’s handling of transferred assets.