Decentralized finance company Drift announced that it had suspended deposits and withdrawals after confirming a security incident.
The cryptocurrency platform said in a post on
According to security researchers and public blockchain data, the losses could be significant. Blockchain security firm CertiK said hackers may have stolen around $136 million from X, while cryptocurrency analytics firm Arkham put the figure at around $285 million stolen.
If confirmed, the Drift hack would be the largest cryptocurrency theft of the year, according to Rekt Leaderboard, a site that tracks cryptocurrency theft by volume.
It is unclear who was behind the attack, and a Drift spokeswoman did not immediately respond to a request for comment.
Security companies say North Korea is behind one of the largest cryptocurrency thefts of last year, with the regime making at least $2 billion in stolen cryptocurrencies, funds believed to be used by the regime to finance its nuclear weapons program and evade international sanctions restricting its access to the global financial system.
