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Cointelegraphabout 4 hours ago1 min readT1

Drift Protocol warns users to pause deposits amid 'unusual' trading activity

Drift Protocol has warned users to pause deposits due to unusual trading activity, potentially indicating a significant exploit of the DEX. The incident, possibly a $200 million exploit stemming from a private key leak, directly impacts user funds and confidence in the Drift platform. The compromised private key suggests a critical security failure, necessitating immediate user caution and potentially leading to broader market concerns about DEX security.

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