Drift Protocol's $280 Million Exploit May Be Civil Negligence, Says Crypto Attorney

Crypto attorney Ariel Givner has suggested that the $280 million exploit of Drift Protocol could be considered civil negligence due to alleged lapses in basic security measures. According to NS3.AI, Givner pointed out that the team reportedly failed to maintain signing keys on separate air-gapped systems and did not exercise sufficient diligence when engaging developers met at industry conferences. Drift Protocol's update on Saturday revealed that the attackers had spent six months building trust before deploying malicious links and malware that compromised developer machines. The protocol expressed medium-high confidence that the same group was responsible for the Radiant Capital hack in October 2024.