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Cork Protocol suffered a smart contract exploit that allowed an attacker to withdraw about $12 million from the DeFi platform. Multiple reports said the protocol halted activity and suspended affected smart contracts after the breach, as the team moved to contain the incident and assess losses.
Follow-up reporting said Cork Protocol began recovery efforts and planned to redeploy its market infrastructure after the hack. Coverage of the incident consistently identified the breach as a smart contract exploit, with the attacker extracting funds before protocol operations were paused and remediation work began.
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4 events from the most recent confirmed update back to the earliest known activity.
Later follow-up reporting indicated Cork Protocol was moving ahead with redeploying its market infrastructure after the attack. This reflected an ongoing recovery phase beyond the initial suspension and response.
After the incident, Cork Protocol said it would redeploy the market/protocol and pursue recovery of the stolen funds. Follow-up coverage framed this as the project's next step toward restoring operations after the hack.
Following the exploit, Cork Protocol paused or suspended affected smart contracts and protocol operations to contain the incident. Reports published the same day and shortly after describe the shutdown as an immediate response to the hack.
An attacker exploited a smart-contract vulnerability in Cork Protocol and drained roughly $12 million in crypto assets. Multiple reports describe the incident as a protocol hack or exploit affecting Cork's markets/contracts.
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Drift Protocol, a Solana-based decentralized trading platform, said attackers stole about **$280 million to $285 million** after a months-long intrusion culminated in the takeover of administrative control and the draining of protocol vaults in roughly 12 minutes. Drift’s preliminary findings said the operation abused Solana’s **durable nonce** feature and pre-signed transactions rather than a simple smart contract flaw, while investigators reported that the attackers staged activity weeks in advance, created a fake asset called **CarbonVote Token (`CVT`)**, and manipulated its trading history so protocol oracles would accept it as collateral. The stolen assets were then swapped largely into **USDC** and **SOL**, bridged to Ethereum through Circle’s Cross-Chain Transfer Protocol, and moved onward through additional services and exchanges.
Jul 1, 2026
Drift Protocol, a Solana-based decentralized exchange, lost roughly **$270 million to $286 million** after attackers seized its Security Council administrative powers and drained core vaults, prompting the platform to suspend deposits and withdrawals and warn users not to add funds. Drift later said the theft was not caused by a smart contract bug or leaked seed phrases, but by a sophisticated operation that abused Solana **durable nonce** transactions and pre-signed multisig approvals to execute malicious governance changes later. Investigators and Drift said the attackers removed withdrawal limits, introduced a fake collateral asset called **`CVT`** or CarbonVote Token, manipulated controls, and rapidly moved assets out of borrow/lend products, vault deposits, and trading funds, cutting the protocol’s total value locked from about **$550 million** to below **$250 million** and sending the **DRIFT** token sharply lower. Subsequent post-mortems described the breach as the culmination of a **months-long social-engineering campaign** in which the threat actors posed as a legitimate quantitative trading firm, built trust through conferences, Telegram chats, integrations, and deposits, and likely compromised contributors through a malicious code repository and a trojanized TestFlight wallet app. Blockchain intelligence firms including **Elliptic** and **TRM Labs** said the laundering patterns, cross-chain bridging from Solana to Ethereum, use of **Tornado Cash**, and other indicators were consistent with **North Korean** tradecraft, while Drift linked the operation with medium confidence to **UNC4736 / AppleJeus / Citrine Sleet**. The fallout widened beyond Drift as critics questioned why more than **$230 million in USDC** moved through Circle’s CCTP bridge without being frozen, Solana launched new security initiatives, and Drift later secured recovery backing including up to **$127.5 million from Tether** as it worked with security firms, exchanges, bridges, and law enforcement to trace and recover funds.
Jun 29, 2026
Maya Protocol, also known as **MAYAChain**, halted its network after an attacker chained six bugs to manipulate pool accounting and drain about **$1.7 million** in shared liquidity. Investigators said the exploit began when an outbound transaction was incorrectly treated as missing, triggering a compensation routine that falsely credited roughly **49 million `CACAO`** to a pool that held only about **168,000 `CACAO`** in reserves. Because the failed transfer was not properly rolled back, the attacker could add a small amount of liquidity, dominate the inflated pool, and withdraw about **48.87 million `CACAO`** along with roughly **98.82 `LINK`** before swapping assets into **BTC, ETH, and other tokens**. The incident caused damage beyond the direct theft, with reports that liquidity pool value fell by roughly **$10.9 million to $11 million** overall and the **`CACAO`** token price plunged nearly **89%** before partially recovering. Maya Protocol said trading was fully stopped to contain the attack, while project representatives said they would work to fix the flaw, recover funds, and reimburse the stolen **20 BTC** if the attacker does not return assets under a possible bug bounty arrangement. Public statements from the team also pointed to treasury resources, including funds invested in **Aztec Chain**, as a potential source for reimbursement.
Aug 19, 2026