May 22, 2026·Bearish·critical issue

Solana's Drift Protocol Exploited for $200M, SOL Plunges

Drift Protocol, a perpetual futures platform on Solana, suffered an exploit exceeding $200 million. This significant breach exposed vulnerabilities within Solana's perpetual futures infrastructure, challenging its vision as a global capital markets platform. The incident has negatively impacted Solana's native token, $SOL, which is down 73.5% from its peak and currently ranks as the weakest major asset in 2026.

Detected & updated continuously · Source: Ruma

Mentioned

Solana (sol)

Drift Protocol (drift)

Sources

@KCEX_Official

#KCEXpressDaily ⚡ Solana’s pitch was “internet capital markets for every asset on earth.” Hyperliquid just took the trade. 🔴 $SOL down 73.5% from peak, weakest major asset in 2026 🔴 Drift exploit: $200M+ lost, Solana’s perp infra exposed 🟢 Hyperliquid: $1.2B annual https://t.co/nWy0bRx8Jl