Solana DEX Drift Protocol Reportedly Hacked, Token Drops Nearly 20%

Solana decentralized exchange Drift Protocol has been reportedly hacked. While there hasnt been an official confirmation, its DRIFT token has crashed nearly 20% after the rumors. The decentralized exchange, built on Solana for perpetual futures trading, integrates Circles USDC infrastructure for collateral and transfers. Mert Mumtaz, co-founder and CEO of Helius, raised the alarm in a post on X. He said there was a high likelihood of a potentially large exploit and urged Circle to respond. Initially crypto community took at as a Aprils Fool joke, but Mert repeatedly expressed the urgency of the matter. That uncertainty quickly spread across the market and trading community.As a result, the DRIFT token saw an immediate sell-off. Data shows the token dropped over 17% within an hour, falling to around $0.058. This is a developing story.