11 DeFi Protocols Affected by Drift Security Incident, Some Pausing Core Functionalities Pending Recovery

BlockBeats News, April 2nd, the Drift Protocol exploit incident has affected multiple DeFi protocols, including Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallet, which have confirmed being impacted, with some protocols pausing minting, redemption, or deposit/withdrawal functions.

Among them, Ranger Finance has confirmed a roughly $900,000 risk exposure, representing about 6% of its $14.6 million total value locked. Pyra stated that user funds were affected as they were deposited in Drift for yield, and has paused Pyra card functionality. Asgard Finance mentioned that the Drift-related risk exposure was not significant, has disabled that lending source, and contacted affected users. Fuse Wallet has paused deposits to Drift for its Earn product, but the wallet itself was not affected. DeFi Carrot has paused minting and redemption functions, with Boost and Turbo products unaffected. xPlace's Savings product deposits and withdrawals are on hold, and the credit mode and lending functions are temporarily disabled. Elemental DeFi, Project 0, and other protocols stated that fund allocations have been paused, awaiting Drift's recovery. Lulo Finance warned that Classic deposit users may be affected, while Protected and Boosted products have no risk exposure. (SolanaFloor)