11 DeFi protocols affected by Drift security incident, some suspend core functions

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A DeFi exploit tied to the Drift protocol has impacted 11 DeFi protocols, including Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallet. Several projects have paused critical functions in response to the security breach. Ranger Finance disclosed a $900,000 exposure, representing 6% of its $14.6 million TVL. Pyra halted its Pyra Card due to affected user funds. Asgard Finance classified the exposure as minor but disabled the credit source and reached out to users. Fuse Wallet suspended deposits into Drift for its Earn product, while DeFi Carrot paused minting and redemption. xPlace suspended Savings deposits and temporarily disabled credit and lending functions. Elemental DeFi and Project 0 paused fund allocations and are awaiting Drift’s recovery. Lulo Finance warned that Classic deposit users may be affected, though its Protected and Boosted products remain unaffected.

Odaily Planet Daily reports, according to SolanaFloor monitoring, the Drift protocol vulnerability has affected 11 DeFi protocols, including Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallet, with some protocols having suspended minting, redemption, or deposit and withdrawal functions.

Ranger Finance confirmed a risk exposure of approximately $900,000, representing about 6% of its total locked value of $14.6 million. Pyra stated that user funds were affected due to deposits made into Drift for yield, and has suspended Pyra card functionality. Asgard Finance indicated that its exposure related to Drift is not material, has disabled this credit source, and is contacting affected users. Fuse Wallet has paused deposits into Drift for its Earn product, though the wallet itself remains unaffected. DeFi Carrot has suspended minting and redemption functions, while its Boost and Turbo products remain unaffected. xPlace has paused deposits and withdrawals for its Savings product and temporarily disabled credit mode and lending functions. Elemental DeFi, Project 0, and other protocols have stated that related fund allocations have been paused pending Drift’s restoration of operations. Lulo Finance warned that Classic deposit users may be affected, while its Protected and Boosted products have no exposure.

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