Did Koreans "hack" Drift Protocol for $285,000,000?
North Korean hackers reportedly spent six months posing as employees of a "quantum trading fund," meeting with the Drift team at conferences, communicating on Telegram, and even investing $1 million of their own money to gain trust.
Having gained their trust, they sent a repository containing a file that exploited a vulnerability in Visual Studio Code and Cursorβall it took was opening it.
After this, the hackers automatically deleted the correspondence and traces of the attack, and approximately $285 million disappeared from the protocol.
Thus, the main weapon was not the exploit, but six months of patience and social engineering.
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North Korean hackers reportedly spent six months posing as employees of a "quantum trading fund," meeting with the Drift team at conferences, communicating on Telegram, and even investing $1 million of their own money to gain trust.
Having gained their trust, they sent a repository containing a file that exploited a vulnerability in Visual Studio Code and Cursorβall it took was opening it.
After this, the hackers automatically deleted the correspondence and traces of the attack, and approximately $285 million disappeared from the protocol.
Thus, the main weapon was not the exploit, but six months of patience and social engineering.
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On-chain analyst Willy Woo identified key signs of the end of the bear cycle
The final stage is characterized by a price breakout below the cost of recent investors, a transition from "hopium" to aggressive buying, and an increase in the average entry priceβa signal of a trend reversal.
In the long term, he expects a protracted sideways market for 8-12 years, with a range of five- and six-digit prices. Among the risks, he highlighted the development of quantum computing, giving the BTC network approximately 5-10 years to adapt.
However, once this issue is resolved, the analyst anticipates a new stage of growthβup to a "divine candle" and the price reaching seven-digit levels in 12-16 years.
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The final stage is characterized by a price breakout below the cost of recent investors, a transition from "hopium" to aggressive buying, and an increase in the average entry priceβa signal of a trend reversal.
In the long term, he expects a protracted sideways market for 8-12 years, with a range of five- and six-digit prices. Among the risks, he highlighted the development of quantum computing, giving the BTC network approximately 5-10 years to adapt.
However, once this issue is resolved, the analyst anticipates a new stage of growthβup to a "divine candle" and the price reaching seven-digit levels in 12-16 years.
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Crypto skeptic Peter Schiff believes Bitcoin is underperforming traditional assets in terms of returns
Over five years, it's up about 12% compared to +57% for the NASDAQ, +60% for the S&P 500, and over +160% for gold.
Michael Saylor disagreed, noting that it all depends on the chosen period, as BTC has been one of the most profitable assets since 2020. He argued that longer horizons paint a different picture.
Schiff responded by accusing his opponent of "manipulating" the data, again calling BTC a "shitcoin," and proposing a public debate.
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Over five years, it's up about 12% compared to +57% for the NASDAQ, +60% for the S&P 500, and over +160% for gold.
Michael Saylor disagreed, noting that it all depends on the chosen period, as BTC has been one of the most profitable assets since 2020. He argued that longer horizons paint a different picture.
Schiff responded by accusing his opponent of "manipulating" the data, again calling BTC a "shitcoin," and proposing a public debate.
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Stablecoins are actively displacing banking infrastructure
In February 2026, their monthly turnover exceeded ACH, the US bank wire transfer system, for the first timeβ$7.2 trillion versus $6.8 trillion.
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In February 2026, their monthly turnover exceeded ACH, the US bank wire transfer system, for the first timeβ$7.2 trillion versus $6.8 trillion.
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The Stabble team on Solana urged users to urgently withdraw liquidity
In one day, the platform's TVL fell from $2 million to $600,000.
According to the statement, the exchange was not hacked, and no funds were affected. However, Stabble representatives are concerned about its future security. The team discovered that on-chain sleuth ZachXBT identified their former CTO as a North Korean representative. The project announced a change in management.
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In one day, the platform's TVL fell from $2 million to $600,000.
According to the statement, the exchange was not hacked, and no funds were affected. However, Stabble representatives are concerned about its future security. The team discovered that on-chain sleuth ZachXBT identified their former CTO as a North Korean representative. The project announced a change in management.
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The developer suggested a way to save Bitcoin wallets in a quantum attack
It is instead of vulnerable signatures that the owner will be able to prove that the wallet belongs to him without disclosing the secret data.
This will allow you to maintain access to funds even if the current cryptography stops working.
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It is instead of vulnerable signatures that the owner will be able to prove that the wallet belongs to him without disclosing the secret data.
This will allow you to maintain access to funds even if the current cryptography stops working.
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In 90 days, Binance became a platform for global asset pricing
Gold trading volumes grew from $1.5 million to $7.6 billion per day, comparable to the largest commodity exchanges.
The platform provides 24/7 market access, allowing some prices to be determined even before traditional exchanges open.
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Gold trading volumes grew from $1.5 million to $7.6 billion per day, comparable to the largest commodity exchanges.
The platform provides 24/7 market access, allowing some prices to be determined even before traditional exchanges open.
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According to ZachXBT, North Korean IT workers are employed by companies under false identities, paid in cryptocurrency, and withdrawn through intermediaries
Since November 2025, more than $3.5 million has passed through their wallets. The scheme involves hundreds of accounts, fake resumes, a VPN, and an internal coordination system.
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Since November 2025, more than $3.5 million has passed through their wallets. The scheme involves hundreds of accounts, fake resumes, a VPN, and an internal coordination system.
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