"DRIFT hack may be linked to North Korea"

Source
JH Kim

Summary

  • It reported that the hacking incident involving Drift (DRIFT), a Solana (SOL)-based DeFi protocol, has raised the possibility that a North Korean hacking group was involved.
  • Elliptic said the on-chain flow of funds and laundering methods are similar to past North Korea-related attacks, adding that it appears to be a planned attack.
  • It reported that the incident points to the possibility of an organized, state-level hack, heightening awareness of security risks.

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A recent hacking incident involving Drift (DRIFT), a Solana (SOL)-based DeFi protocol, has raised the possibility that a North Korean hacking group was involved.

According to cryptocurrency-focused media outlet CoinDesk on the 2nd (local time), blockchain analytics firm Elliptic said that "the on-chain flow of funds and laundering methods are similar to past North Korea-related attacks."

It also analyzed that "it appears to have been a planned attack, given the use of pre-test transactions and prepared wallets."

The incident points to the possibility of an organized, state-level hack, heightening awareness of security risks.

Photo=Drift (DRIFT)
Photo=Drift (DRIFT)
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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