Drift Protocol Lost $285M in Six-Month Social Engineering Attack

Attackers drained $285 million from Drift Protocol on Solana via a six-month social engineering campaign targeting admin key holders, not code exploits. The hack, linked to North Korea's Lazarus Group, reduced TVL from $550M to under $300M in an hour. Private-key compromise now dominates crypto losses, with state-backed actors responsible for 76% of 2026 hacks.