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Solana Foundation Launches Security Program After $270M Hack

Nate Gregory
Published Apr 7, 2026
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A large padlock labeled "Hardened" secures glowing blue network cables connected to server equipment, symbolizing a robust security program. The BriefsFinance logo is in the bottom right corner.
Summary:
  • Drift Protocol lost $270 million to North Korean hackers who spent six months in a social engineering campaign.
  • Attackers exploited 'durable nonces' (pre-signed transactions valid for one week) rather than breaking any code.
  • Solana Foundation launched 'Stride' - a security audit program that evaluates DeFi protocols against eight security standards.

North Korean hackers stole $270 million from Drift Protocol on Solana. They didn't break the code - they spent six months tricking the people who control the wallet.

Social Engineering, Not Code Bugs

The attackers gained approval for misleading transactions using a Solana feature called 'durable nonces.' These pre-signed transactions stayed valid for over a week - long enough to execute the theft.

The hack wiped out 50% of Drift's total value.

Solana's New Security Program

The Solana Foundation launched 'Stride,' a security audit program led by Asymmetric Research. It evaluates DeFi protocols against eight security standards.

The Foundation also announced SIRN - a network where protocols share threat intelligence.

What to Watch

Watch whether other Solana protocols adopt Stride's recommendations before similar social engineering attacks strike.

Disclosure

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