DEX

Onchain investigator ZachXBT alleges Circle did not freeze or blacklist roughly $420 million in illicit USDC flows since 2022 across 15 hack-and-fraud cases. He says Circle sometimes had hours or days to act, including cited incidents tied to GMX, Cetus and Drift Protocol, but took limited action or acted after funds were swapped into ETH.

Drift Protocol said a Solana-based perp DEX was exploited on April 1, 2026, with about $286 million removed in roughly 12 minutes after attackers prepared fake collateral and used pre-signed admin transactions. The incident coincided with TVL falling from about $550 million to under $250 million, while DRIFT slid as much as 37%–42% to around $0.04–$0.05. As of April 3, the protocol had sent an onchain outreach message and had not announced a full reimbursement plan.

Drift Protocol said Friday it initiated onchain outreach to wallets holding Ether linked to an exploit that outside firms estimate at roughly $280 million to $286 million. The team said it sent messages from Ethereum address 0x0934faC to four wallets associated with the exploiter, asking them to contact Drift via Blockscan chat. The outreach followed Thursday onchain messages from an unknown ENS user demanding 1,000 ETH to withhold alleged identity information.

SoFi Technologies introduced its Big Business Banking platform, aiming to let institutions move and settle funds 24/7 using both fiat and digital assets, with Solana expected to be one of the supporting networks. Over the last 30 days, Solana DEX volume slid to $55.5 billion—its lowest level since September 2024—while network fees fell 42% and SOL dipped below $80 amid soft momentum signals.

Wallet in Telegram has launched in-app perpetual futures trading for its 150M+ users via an integration with Ethereum-based DEX Lighter. Users can take leveraged long or short positions on 50+ assets and place trades inside Telegram with up to 50x leverage. Availability is not global, with access restricted in jurisdictions including the United States and the United Kingdom.

Wallet in Telegram, a third-party wallet embedded in Telegram, is introducing perpetual futures trading through the Lighter DEX, letting users take leveraged long or short positions inside the app. The rollout, set to launch Thursday, supports up to 50× leverage across more than 50 assets spanning crypto (including Bitcoin and Toncoin) plus tokenized stocks and commodities.

Drift Protocol suspended deposits and withdrawals after an exploit drained about $280 million via admin-level access. The Solana-based DEX said the attacker took over Security Council permissions using pre-approved transactions, then removed withdrawal limits and added a malicious asset. The incident underscores how governance, multisig approvals, and signing workflows can become key DeFi attack surfaces.

Solana (SOL) traded around $78, falling nearly 6% on the day and extending an 11% weekly decline. Drift Protocol said it suffered an exploit, while an on-chain monitor claimed nearly 980,000 SOL was drained and losses exceeded $200 million. The move leaves traders watching whether SOL can reclaim $85 or risks breaking below the $78 support zone.

Bitget Wallet has added Hyperliquid's HIP-3 infrastructure, bringing always-on, permissionless onchain macro markets into its self-custodial "everyday finance" app. Users can trade RWA spot and perpetual markets from one wallet interface, including around 300 equities and ETFs, major indexes, and commodities such as gold, crude oil, and natural gas.

Drift Protocol, a Solana-based DeFi platform, said on April 1, 2026 that it is investigating unusual activity and urged users not to deposit funds while the review continues. Lookonchain reported that more than $270 million in crypto was suspiciously moved to wallet "HkGz4K", then swapped into USDC and bridged to Ethereum to purchase ETH. The tracker said the buying reached 19,913 ETH ($42.6 million) before rising to 38,820 ETH ($82.6 million).