🚀 Stablecoin Infrastructure Perena Unaffected by Drift Attack
#Stablecoin #Perena #DriftAttack #Solana #DeFi #Crypto #USD #Blockchain #JLP #NeutralTrade #SOL
Stablecoin infrastructure Perena's founder, Anna, announced that Perena USD*, USD*-J, and USD*-P remain unaffected by the recent Drift attack. According to Foresight News, the JLP vault managed by Neutral Trade, a quantitative strategy sharing platform within the Solana ecosystem, was impacted due to its operation on the Drift Protocol. The team is in communication with partners and will continue to provide updates on the situation.#Stablecoin #Perena #DriftAttack #Solana #DeFi #Crypto #USD #Blockchain #JLP #NeutralTrade #SOL
🚀 Drift Protocol Vulnerability Expands to Affect 20 Protocols
#DriftProtocol #Vulnerability #Solana #DeFi #CryptoLoss #PrimeNumbersFi #Gauntlet #NeutralTrade #ElementalDeFi #ReflectMoney #Vectis #RangerFinance #Pyra #PiggyBank #Perena #AmpPay #Loopscale #Valeo #Exponent #PiggyBank
Recent data from SolanaFloor reveals that the impact of the Drift protocol vulnerability has widened, now affecting 20 protocols, up from the previous 11. According to Odaily, newly affected protocols include PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Exponent.
In terms of financial losses, Prime Numbers Fi estimates losses exceeding $10 million, Gauntlet around $6.4 million, Neutral Trade approximately $3.67 million, Elemental DeFi about $2.9 million, Reflect Money around $1.95 million, Vectis approximately $1.69 million, Ranger Finance about $919,000, Pyra around $551,000, and PiggyBank confirmed a loss of $106,000, which the team has fully compensated.
Affected protocols have implemented various measures, with most suspending minting, redemption, deposits, withdrawals, or related vault functions. Prime Numbers Fi is still assessing the situation and has not announced specific actions. Vectis has yet to respond, but Ranger Finance has confirmed exposure to risk. Gauntlet has restricted further supply and is coordinating with Drift.#DriftProtocol #Vulnerability #Solana #DeFi #CryptoLoss #PrimeNumbersFi #Gauntlet #NeutralTrade #ElementalDeFi #ReflectMoney #Vectis #RangerFinance #Pyra #PiggyBank #Perena #AmpPay #Loopscale #Valeo #Exponent #PiggyBank
🚀 Solana's Neutral Trade Responds to Drift Attack Impact
#Solana #NeutralTrade #DriftAttack #CryptoSecurity #DeFi #Blockchain #STRIDE #JupiterLend #Kamino #QuantitativeStrategy #SOL #JUP
Neutral Trade, a quantitative strategy sharing platform within the Solana ecosystem, announced that it is assessing the impact of the Drift attack on its platform and users. According to Foresight News, the team is awaiting further investigation results from Drift. The update includes the suspension and removal of all 'Drift Architecture' vaults from the homepage, although users can still view related positions on the portfolio page. Currently, the homepage only displays the 'Neutral Strategy' proprietary strategy vaults, which are operating normally and have not suffered any losses.
The 'Neutral Strategy' vaults have undergone independent audits by Halborn, Offside Labs, and Quantstamp, and are integrated with FORDEFI's enterprise-grade security solutions. Although the NT Earn vaults had Drift position configurations, Neutral's risk engine detected anomalies during the attack and preemptively withdrew funds to Jupiter Lend and Kamino, preventing any losses.
Neutral Trade is committed to advancing security upgrades and is considering joining the STRIDE ecosystem security program supported by the Solana Foundation. Previously, Neutral Trade reported a loss of approximately $3.67 million due to the Drift attack.#Solana #NeutralTrade #DriftAttack #CryptoSecurity #DeFi #Blockchain #STRIDE #JupiterLend #Kamino #QuantitativeStrategy #SOL #JUP