1h ago
Drift Protocol Token Drops 40% After Exploit as Coinbase Gets OCC Nod and X Tightens Anti-Scam Controls
Drift Protocol, a Solana-based perpetual futures DEX, was hit by an attack that pushed DRIFT down about 40% over the following 24 hours and sent DRIFT perpetual funding above 6,000% in the immediate aftermath. Coinbase separately received conditional OCC approval for a national trust charter, while X announced a new account-lock for first-time crypto mentions that requires identity verification to regain posting access.