Drift turned into one of the largest Solana exploits, over $285M drained after a multi-sig compromise that let the attacker take admin control.

The exploit itself was an orchestration: fake collateral (CVT), oracle manipulation, then cross-margining into real assets like SOL, ETH, BTC and JLP.

The result is $DRIFT down 20% and ~130K ETH already bridged out, which means this is now a liquidity event.

Where the failure happened? Not in DeFi logic, but in key management and oracle assumptions. My view is that this pushes the market further toward stricter oracle design, isolated collateral models, and institutional-grade key management.
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