Drift, a decentralized finance project built on the Solana blockchain, was hit by a hack that drained nearly $300 million in digital assets from the protocol, ranking it among the largest exploits in the history of crypto. Earlier today, a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift's Security Council administrative powers. About $280 million in cryptocurrencies were stolen from the project. The exploit did not involve a bug in Drift's code but used durable nonces, a legitimate Solana transaction feature, to pre-sign administrative transfers weeks before executing them, bypassing the protocol's multisig security in minutes.