Suspicion surrounds the Drift theft incident, with reports indicating executive changes and major multi-signature modifications before the event.

MarsBitNews · 2026-04-02T04:09:35+00:00

Analysis shows that the Drift protocol poses significant risks because its signing key holds substantial authority and lacks a time lock. The migrated new multi-signature account was created by an old signer but did not include them, raising management concerns, and some core team members have left.

MarsBitNews

2026-04-02 04:09:35

Abstract generation in progress

Mars Finance news. On April 2, according to analysis by Omer Goldberg, founder of Aave risk advisory firm Chaos Labs, the Drift protocol’s signing key has multiple major powers and lacks delay mechanisms such as time locks. A week earlier, Drift migrated to a new multi-signature account, which was created by one of the signers from the original multi-signature account. This signer did not add themselves to the new account, and the multi-sig mechanism was changed to “2/5” (1 old signer + 4 new signers). In addition, there are views in the community suggesting that key members of Drift’s core team left last month, raising questions about internal management, key handover, and the risk-control framework within the protocol.

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