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Drift Protocol: Reveals $295M Hack Recovery | Flash News Detail | Blockchain.News
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5/6/2026 7:12:00 AM

Drift Protocol: Reveals $295M Hack Recovery

Drift Protocol: Reveals $295M Hack Recovery

Drift Protocol on Solana unveils plan to repay users after $295 million hack by North Korea-linked attackers, boosting SOL price prediction amid crypto market volatility.

Source

Analysis

Drift Protocol on Solana just dropped a recovery blueprint to fully compensate users hit by last month's $295 million exploit, pinned on North Korea-linked hackers who have ramped up crypto heists over the past year, echoing patterns in major breaches like the Ronin Network raid.

Zooming into SOL's 4-hour chart, price action screams bullish conviction as it probes the upper Bollinger Band resistance at $87.8, backed by a golden cross on the MACD at 0.85 signaling sustained momentum, yet the RSI screaming overbought at 72.43 hints at an imminent pullback to the EMA50 support around $84.98—a classic setup for traders eyeing Solana hack recovery plays before Bitcoin's next leg up in this hype-driven cycle.


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