Drift Exploit Sees USDC Bridged via Circle’s CCTP for Hours, Raising Oversight Concerns

A major exploit hit the Drift Protocol on April 1, 2026, during US business hours. The attack drained as much as $285 million, and the total value locked (TVL) dropped fast, from $311.38 million to $23.49 million, a 92.5% collapse in protocol liquidity within hours. The attacker quickly consolidated and swapped assets into USDC and […] Read The Full Article Drift Exploit Sees USDC Bridged via Circle’s CCTP for Hours, Raising Oversight Concerns On Coin Edition.