Uniswap founder Hayden Adams (@haydenzadams) commented on X regarding the Drift Protocol hack, stating that we must stop allowing centralized projects to call themselves DeFi. He noted that if an admin key can drain all funds, it is fundamentally CeFi—otherwise, the brand of DeFi becomes meaningless. He also emphasized that no version of Uniswap has an admin key capable of draining funds. Previously, Chaos Labs founder Omer Goldberg (@omeragoldberg) analyzed that Drift Protocol’s signing key held full control over market creation, oracle allocation, and withdrawal limits, with no time locks, multisignature, or delay mechanisms—the attacker drained funds in just 10 seconds.
Uniswap Founder Comments on Drift Attack: Centralized Projects Should Not Call Themselves DeFi
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Summary
Uniswap founder Hayden Adams criticized the Drift Protocol exploit, calling out centralized projects for misusing the DeFi label. He stated that any project with an admin key is effectively CeFi, not DeFi. Adams noted that Uniswap has never had such a key. On-chain reports show the Drift attacker drained funds in 10 seconds using a signing key with full control. Chaos Labs founder Omer Goldberg confirmed that no timelocks or multisig protections were in place.
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