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A serial robbery in the encryption circle! After the Drift protocol was hacked, more than 12 projects were hit hard one after another.

The crypto world is sounding another security alarm. Since the Drift protocol was attacked last week, at least more than 12 crypto entities have been targeted by hackers in just a few days. The latest victims are Rhea Finance and Russian-affiliated exchange Grinex, with a total of $21 million stolen in the past two days alone. This wave of attacks shows that hackers are systematically targeting vulnerabilities in DeFi and trading platforms.

**Why does this matter? ** This is not just a matter of individual project losses, but a wave of intensive, targeted industry-level attacks. It exposed that many project safety audits and risk control measures are still weak amid the heat of the bull market. Serial attacks will severely damage market confidence, may lead to renewed regulatory focus, and even trigger the risk of chain liquidations.

**What does it mean for ordinary retail investors? **

  1. Asset safety first: Please immediately check whether your assets are stored in the affected protocol and consider temporarily evacuating to a safer wallet or mainstream exchange.
  2. Be cautious when participating in new mines: Be highly vigilant about newly launched or high-APY DeFi projects in the near future, as hackers are often among them.
  3. Choose a reliable platform: For transactions and financial management, you must choose a mainstream platform with good security records and strong funds. In this turbulent period, the comprehensive strength of the platform is the best moat.

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This article was edited by CoinRebate AI, data source: CoinTelegraph