Morning Minute: North Korea Hacks Drift for $285M [Yahoo! Finance]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: Yahoo! Finance
And c heck out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify. GM! Today's top news: Crypto majors jump on speculation of ceasefire; BTC +4% at $69,500 Drift requests talks with NK hackers after $280M exploit Schwab is bringing crypto spot trading to its $12T platform Coinbase received conditional approval for national trust bank charter Circle is launching cirBTC to compete with WBTC ?? North Korea Drained $285M From Drift Protocol in 12 Minutes Drift Protocol, Solana 's largest decentralized perp exchange, was exploited for $285 million on April 1. As more information came out about the exploit, it seems to have been a governance attack, months in the making, that culminated in 12 minutes of automated draining across 31 rapid withdrawals. The setup started in October 2025 when attackers posing as a quantitative trading firm approached Drift contributors at “a major crypto conference.” Over six
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COIN
Earnings
- 2/12/26 - Beat
COIN
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/18/26 - Form 4
- 3/16/26 - Form 144
- COIN's page on the SEC website