2026-04-05 20:09:04

🚨 The biggest hack in 2026

The hack was not due to the code… but because of the humans inside the system
The Drift incident reflects a shift in risks in DeFi from technical vulnerabilities to governance weaknesses and execution failures
What happened is not just a technical breach, but a failure in the governance model within DeFi by targeting a limited security (Security Council), meaning that decentralization was only partial in form
🔹The market immediately repriced the risk, with large liquidity exiting Solana protocols as the risk premium on perpetual contracts platforms increased
❓ Is DeFi truly decentralized… if a small council hack can drain $285 million?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes