Decentralized financial company Drift says it has suspended withdrawals and deposits after confirming a security incident.
The crypto platform said in a post on X that it was “experiencing an active attack” and that it was working to “contain the incident.”
Security researchers and public blockchain data suggest the losses could be significant. Blockchain security company CertiK said in X that hackers may have stolen around $136 million, while cryptanalysis company Arkham put the figure for around 285 million dollars stolen.
If confirmed, this would make the Drift hack the biggest cryptocurrency theft of the year, according to Rekt’s classificationa site that tracks cryptocurrency thefts by size.
It is unclear who is behind the attack and a spokesperson for Drift did not immediately respond to a request for comment.
Security companies say North Korea was behind most cryptocurrency thefts last year. obtaining at least $2 billion in stolen cryptocurrenciesfunds the regime is believed to use to finance its nuclear weapons program and circumvent international sanctions that restrict its access to the global financial system.
