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Omer Goldberg
@omeragoldberg
Joined August 2016
289 Following    11K Followers
Diving deep on Drift's exploit w/ @laurashin on @Unchained_pod. This exploit was methodical and calculated. The exploiters spent time studying Drift deeply. The game of security/risk is asymmetric: You only need to be wrong once for it to be over.
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Another week, another DeFi exploit 🫠 @omeragoldberg joined me to unpack the Drift Protocol hack: ⁉️ What went wrong? 👀 How the attack resembles the Mango DAO and Resolv exploits 🤔 Why was Circle so slow to react? ⚠️Are North Korean state actors behind the attack? Timestamps: 🚀 0:00 Introduction 🥶 0:54 Why the Drift Protocol hack is so chilling ⁉️ 4:32 Was the admin key set up to blame? Or Was it a supply chain attack? 📍 9:17 How the attack is reminiscent of the Mango DAO and Resolv exploits 😬 14:09 How a Solana feature allowed Drift's hackers to lie in wait without triggering alarms ❌️ 19:55 How Drift Protocol failed to implement best practices 🦠24:53 Who else has been impacted by the Drift Protocol exploit? 🤔 27:50 Should Circle have acted faster to freeze the loot? ⚠️ 31:20 Why Omer thinks the Drift Protocol exploit has North Korea written all over it 📝 34:34 Why Omer says the incident calls for better DeFi disclosures and audits
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