On April 2, the Drift protocol vulnerability 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 suspending minting, redemption, or deposit/withdrawal functions. Ranger Finance confirmed a risk exposure of approximately $900,000, representing 6% of its total locked value; Pyra suspended card functions; Asgard Finance disabled related credit sources; Fuse Wallet paused deposits to its Earn products; DeFi Carrot suspended minting and redemption; xPlace paused deposits and withdrawals for its Savings products; other protocols are awaiting Drift’s restoration of operations.
11 DeFi protocols affected by Drift vulnerability, partial functions suspended
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Summary
A DeFi exploit emerged on April 2, 2026, as a vulnerability in the Drift protocol 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. Several protocols have suspended functions such as minting, redemption, and deposits. Ranger Finance confirmed a risk exposure of approximately $900,000, or 6% of its total value locked. Pyra suspended card functionality, Asgard Finance disabled related credit sources, and Fuse Wallet paused deposits into its Earn product. DeFi Carrot suspended minting and redemption, while xPlace suspended deposits and withdrawals for its Savings product. Other protocols are awaiting the resumption of Drift’s operations. This vulnerability underscores the ongoing risks in the DeFi ecosystem.
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