Drift Protocol hack may constitute civil negligence, says crypto lawyer

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
A crypto hack targeting Drift Protocol may constitute civil negligence, according to lawyer Ariel Givner. The $280 million breach exploited inadequate security, including unsecured signing keys. The attack, linked to the 2024 Radiant Capital breach, was planned over six months and carried out during a major conference in October 2025. Class-action advertisements are already emerging. Drift’s protocol update has not yet mitigated the risks.

Odaily Planet Daily reports that attorney Ariel Givner stated the $280 million attack on the Solana-based DeFi platform Drift Protocol could have been prevented through standard operational security procedures, and that this conduct may constitute civil negligence. The Drift team failed to follow basic security protocols, including not storing signing keys on physically isolated systems and failing to conduct due diligence on blockchain developers at industry conferences.

The Drift team posted on X that the attackers planned the operation for six months, initially contacting the team at a major crypto industry conference in October 2025. After building trust, the malicious actors compromised developer devices through malicious links and malware implants. Drift has confirmed with medium to high confidence that the attackers are the same group responsible for the Radiant Capital attack in October 2024. Class action advertisements targeting Drift Protocol are now circulating.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.