Ryan Sean Adams
speaker
4,484 appearances
13 recordings
1 series
first heard Jan 2026
last heard 14 May
Ryan Sean Adams’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 13 in all, peaking in May 2026 with 3.
Appearances
If you're the kind of trader who adapts as the world changes, BitGet is built for you.
Start trading crypto and TradFi in one place.
Click the link in the show notes.
This is not investment advice.
On Wednesday, April 1st, Drift Protocol, which is a Solana perp dex, was exploited for $285 million.
One of, if not the biggest hack on Solana.
There was the wormhole hack a while ago in 2022 that was $325 million.
But that was a bridge.
Drift is a DeFi app on Solana, so definitely ranks up there.
50% of Drift's total TVL was drained.
How did this happen?
The attacker somehow got a hold of two of the five multi-sig signatures through social engineering, and they just were allowed to push a transaction through that I think some of the other multi-sig signers did.
couldn't comprehend.
And so they just pushed them to approve, which gave them control over the protocol.
That's market creation, Oracle assignment, withdrawal limits, and also importantly, no time locks.
And so once the exploiter had access to the sufficient number of admin keys, they basically had full admin control over the protocol.
Weeks before they got access to these keys, they made this fake token that they had minted and wash traded for days and days and days and days so that they could create this fake volume that made this token perceived to be real.
That allowed them, once they had governance over the protocol, to add this token to the Drift protocol.
And they controlled the entire supply.
And so once this token was approved as collateral, they could collateralize this token and then withdraw USDC, USDT, CB Bitcoin from the protocol.
Showing 1681–1700 of 4,484 · page 85 of 225
← Previous
Next →