11 DeFi protocols have been affected by the Drift security incident, with some suspending core functions while awaiting operational recovery.

MarsBitNews · 2026-04-02T05:02:20+00:00

The Drift protocol vulnerability incident affected several DeFi protocols, including Reflect Money and Ranger Finance. Some protocols have suspended minting, redemption, and deposit/withdrawal functions. Ranger Finance has an approximate risk exposure of $900,000, accounting for 6% of the total locked assets. Other protocols are also actively responding, suspending related functions and reaching out to users.

MarsBitNews

2026-04-02 05:02:20

Abstract generation in progress

Mars Finance news: On April 2, the Drift protocol vulnerability incident has spread to multiple DeFi protocols. Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallete have confirmed they are affected, with some protocols pausing their minting, redemption, or deposit/withdrawal functions.

Ranger Finance confirmed an approximately $900,000 risk exposure, accounting for about 6% of its $14.6 million total value locked. Pyra said user funds were affected because they were stored in Drift to earn returns, and it has paused the Pyra Card feature. Asgard Finance said the Drift-related risk exposure is not significant; it has disabled that credit source and contacted affected users. Fuse Wallet has paused its Earn product’s deposits to Drift, but the wallet itself is not affected. DeFi Carrot has paused its minting and redemption functions; its Boost and Turbo products are not affected. xPlace has paused deposits and withdrawals for its Savings product, and the credit mode and lending functions are temporarily disabled. Elemental DeFi, Project 0, and other protocols stated that the allocation of the relevant funds has been paused and they are waiting for Drift to resume operations. Lulo Finance also warned that Classic deposit users may be affected, but the Protected and Boosted products have no risk exposure. (SolanaFloor)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.