SlowMist: Fake recruitment activity "graphalgo" is using remote access Trojan attacks against crypto developers

Drift Protocol was hacked, resulting in a loss of 285 million US dollars.

On April 1, 2026, Drift Protocol in the Solana ecosystem was hacked, resulting in losses of about $285 million. The attacker obtained administrator permissions for a multisig wallet, swiftly withdrew funds, and transferred them cross-chain to Ethereum, becoming the largest single security incident in the DeFi space. The investigation found that the attack was caused by a multisig management configuration flaw: the lack of a time-lock mechanism allowed the attacker to execute malicious actions immediately. The incident caused Drift’s total value locked to drop sharply, significantly impacting the Solana ecosystem.

Quantum threats arrive early? Google simulates a “9-minute crypto heist” scenario, 6.9 million Bitcoins at risk

Google's quantum AI team research indicates that the quantum computing power required to break Bitcoin is far lower than expected, potentially less than 500,000 qubits. Research simulations show that hackers could intercept ongoing Bitcoin transactions within 9 minutes, and that about one-third of the Bitcoin is stored in already exposed wallets, increasing the risk of quantum attacks. While Bitcoin's Taproot upgrade strengthens privacy, it also increases the exposure of public keys, raising the risk to assets.

Former chairman of Huìwan, Li Xiong, has been extradited! China is investigating a $4 billion money-laundering network involving scam compounds in Southeast Asia.

Li Xiong was extradited back to China from Cambodia, involving a cross-border money laundering case tied to the $4 billion Weiwang Group. The case has exposed the links between the Southeast Asian scam industry chain and crypto funds. Experts noted that the group, as a scam infrastructure provider, supports online scams and the movement of funds. Despite intensified international crackdown efforts, the money-laundering network remains highly adaptable, making it extremely difficult to trace.

Within 90 minutes of the Drift security incident, USDT0 paused the Solana cross-chain communications network

All-chain stablecoin protocol USDT0 responded rapidly after the Solana Drift security incident, pausing its cross-chain communication network within 90 minutes. Tether’s CEO praised its team’s handling, while Z achXBT criticized Circle for not freezing USDC transfers.

Drift Protocol Hacker Accumulates 130,262 ETH Worth $267.67M

Gate News message, the Drift Protocol exploiter has purchased an additional 1,195 ETH for $2.46M USDC. The hacker's wallet now holds 130,262 ETH valued at $267.67M. According to Onchain Lens, Drift Protocol was exploited for over $270M, with the stolen funds converted into 129,067 ETH worth $277.4

Huione money laundering network core figure arrested; amount involved exceeds $89 billion. Crypto criminal enterprise hit hard again

Chinese police have escorted back to China the key figure Li Xiong, who is alleged to have led the Huione criminal network from Cambodia and faces charges including fraud and money laundering. The network is linked to a global illegal online trading system, which has handled more than $89 billion in crypto assets. Although the core members were arrested, the Huione system is still operating using new methods, reflecting the complexity of laundering crypto assets and the challenges faced by global regulation.