Concerns rise over the Drift hack amid executive changes and multi-signature adjustments

Huo Xing Finance reports that on April 2, according to Omer Goldberg, founder of Chaos Labs, Aave’s risk advisory firm, Drift Protocol’s signing key holds significant powers without any time-lock or delay mechanisms. A week ago, Drift migrated to a new multisignature account created by one of the signers from the original multisignature account. This signer did not add themselves to the new account, and the multisignature requirement was changed to “2/5” (one original signer plus four new signers). Additionally, some in the community have noted that members of Drift’s core team departed last month, raising concerns about internal governance, key handover procedures, and risk management systems.