USM Protocol Exploit Leads to Loss of 70.83 ETH
USM Protocol has suffered an exploit that resulted in the loss of approximately 70.83 ETH after an attacker manipulated the way its Ethereum-based redemption mechanism calculated payouts. Security analysis points to a pricing logic flaw that made fragmented redemptions more profitable than processing the same amount in a single transaction.
Drift Protocol exploited for $285M; Solana derivatives DEX suspends deposits and withdrawals
Drift Protocol suffered a severe exploit, in an attack that on-chain analysis and security firms estimate drained more than $285 million from the Solana-based perpetuals exchange. The breach tore through the protocol’s core liquidity and immediately forced Drift to halt deposits and withdrawals while the team worked to contain the damage.