Drift Protocol warns users to pause deposits amid ‘unusual’ trading activity
The reported incident could be a $200 million exploit of the decentralized crypto exchange due to a leak of a crypto wallet private key.
Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected “unusual” trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved.
The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue.
In a subsequent update, the Drift team announced that deposits and withdrawals on the platform have been suspended.