De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack | TechCrunch

Last day to exhibit your breakthrough to 10,000+ tech leaders at Disrupt is on Oct 2. Book Exhibit Table Now. Disrupt doors open Oct. 13. Get your pass and bring someone with you at 50% off. REGISTER NOW. Decentralized finance company Drift says it has suspended withdrawals and deposits after confirming a security incident. The crypto platform said in a post on X that it was “experiencing an active attack,” and that it was working to “contain the incident.” Security researchers and public blockchain data suggest the losses could be significant. Blockchain security firm CertiK said on X that hackers may have stolen around $136 million, while crypto analytics firm Arkham put the figure at around $285 million stolen. If confirmed, this would make the Drift hack the largest crypto theft of the year, according to the Rekt leaderboard, a site that tracks crypto thefts by size. It’s not clear who is behind the attack, and a spokesperson for Drift did not immediately respond to a request for comment. Security firms say North Korea was behind the most crypto thefts last year, netting at least $2 billion in stolen cryptocurrency, funds the regime is believed to use to finance its nuclear wea

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