North Korean Hackers Suspected in $286M Drift Protocol Exploit, Says Elliptic

Elliptic reports that North Korean hackers are likely responsible for the $286 million Drift Protocol exploit. The firm cites onchain behavior and laundering methods consistent with past state-sponsored attacks.

• Elliptic attributes the $286 million Drift Protocol exploit to North Korean hackers.
• The incident is the largest crypto exploit of the year.
• Drift Protocol's token has dropped over 40% to $0.06.
• Elliptic notes this could be the eighteenth DPRK-linked exploit this year, totaling over $300 million stolen.
• Funds were moved across chains to obscure their origin.
• The U.S. government links DPRK crypto thefts to weapons funding.