David Hoffman
👤 SpeakerAppearances Over Time
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The amount of planning that went into this, and it was like the multisig signers were kind of like almost like hunted, right?
So again, it took two of five on this multisig in order to have this kind of god mode ability to drain 285 million, which is 50% of Drift's TVL.
And it was a very sophisticated group that pulled this off.
So someone like the Lazarus group, maybe even Indeed was them.
I'm not sure.
I haven't seen kind of the reporting on this.
And that was the vulnerability.
So they were able to trick two of Drift's five multi-sig signers to sign these transactions that they didn't fully understand.
And that's how this hack happened.
Unfortunately for users, the money's gone, right?
So Drift hasn't come out with a way to remunerate users.
Drift was not a huge perps protocol in the scheme of all perps protocols.