Drift Protocol Suffers Major Security Breach with Over $200M in Losses
Drift Protocol Suffers Major Security Breach with Over $200M in Losses
馃毃 Drift Protocol Hacked
Solana-based perpetuals DEX Drift Protocol has been exploited, resulting in losses exceeding $200 million.
The security breach represents a significant incident in the DeFi space, affecting a substantial amount of user funds on the platform.
Key Details:
- Platform affected: Drift Protocol (Solana-based perpetuals exchange)
- Estimated losses: More than $200 million
- Type of incident: Security exploit
The situation is still developing as the protocol and community assess the full extent of the damage and potential recovery options.
A major security breach involving @DriftProtocol has been reported, resulting in significant financial losses.
United Stables Launches Cross-Chain Routing on Bridgers
**United Stables ($U)** is now available through [Bridgers](http://dapp.bridgers.xyz), enabling cross-chain routing for the USD-pegged stablecoin. **What is $U?** - A unified liquidity layer that aggregates fragmented stablecoin reserves (USDT, USDC, and others) - Designed to reduce slippage and improve capital efficiency across chains - Currently available on BSC (Binance Smart Chain) **Key Features:** - Non-custodial execution through smart contracts - Single authorization for seamless cross-chain transfers - Aggregated liquidity for smoother transactions Users can now route $U across multiple blockchains using Bridgers' protocol with one authorization.
Bridgers Increases Bitcoin Transaction Capacity to Nearly 2 BTC Per Swap
Bridgers has expanded its cross-chain routing capacity, now supporting transactions of nearly 2 BTC per swap. **Key Features:** - Non-custodial execution with smart contract-powered routing - Aggregated liquidity across multiple blockchain ecosystems - Support for over 400 cryptocurrencies including BTC, XMR, and various tokens - Users maintain control by authorizing transactions from their own wallets The platform continues to add new token support, recently integrating BPRM (BASE), XMR, and various chain-specific assets. Bridgers focuses on optimizing execution paths by aggregating liquidity across different ecosystems. Access the platform at [dapp.bridgers.xyz](http://dapp.bridgers.xyz)
馃寜 Bridgers Enables Cross-Chain Bitcoin Transfers
**Bridgers now supports BTC cross-chain transfers**, allowing users to move Bitcoin between different blockchain networks. **How it works:** - Connect your wallet to [Bridgers dApp](http://dapp.bridgers.xyz) - Select your transfer route - Set the amount - Authorize the transaction The platform operates in the background to facilitate Bitcoin transfers across chains. Bridgers aggregates liquidity across multiple ecosystems to calculate optimal execution paths for cross-chain transactions, eliminating the need for multiple protocols.
馃殌 Ethereum's Fusaka Upgrade Goes Live
**Ethereum's Fusaka upgrade activated** at epoch 411,392, delivering major scalability improvements: - **PeerDAS introduced** - enables 8x higher rollup data throughput - **R1 curve + pre-confirmation mechanism** for better user experience - **Nodes process partial L2 data** - unlocks future gas limit increases - **Removes outdated components** - stronger DoS resistance - **Marks shift to twice-yearly hard forks** for faster evolution **Prediction markets expand** but face scrutiny: - Polymarket re-opens U.S. access for waitlisted users - Fanatics & Crypto.com launching sports prediction markets - Connecticut regulators accuse platforms of unauthorized sports betting **UK grants digital assets legal property status** - one of the most definitive global moves toward crypto legal clarity. **SEC blocks ultra-leveraged ETF launches** - warns 9 issuers to halt 3x-5x exposure plans or withdraw filings. **Solana Mobile reveals SKR tokenomics** for upcoming Seeker smartphone ecosystem with 10B total supply.