How Solana's Largest Perp DEX Was Exploited for $285 Million

The Drift Protocol hack, where $285 million was stolen, is analyzed with Omer Goldberg, founder and CEO of Chaos Labs. The conversation centers on the multi-layered and methodical nature of the attack, highlighting the compromise of the admin key and the exploitation of the Solana blockchain's durable nonce feature. The discussion covers the creation of a fake CVT token with manipulated parameters, enabling the attacker to deposit it as collateral and drain blue-chip assets. The incident's contagion across the Solana ecosystem, affecting over 20 protocols, and the community's criticism of Circle's inaction in freezing the stolen funds are also addressed.