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11 DeFi Protocols Affected by Drift Security Incident, Some Pausing Core Functionalities Pending Recovery

2 hours ago

On April 2nd, the Drift Protocol exploit impacted multiple DeFi protocols—including Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallet. Several of these protocols have confirmed being affected, with some pausing minting, redemption, or deposit/withdrawal functions. Key updates from impacted protocols: - Ranger Finance confirmed ~$900,000 in risk exposure, equivalent to roughly 6% of its $14.6 million total value locked (TVL). - Pyra noted user funds were affected due to deposits in Drift for yield; it has paused Pyra card functionality. - Asgard Finance stated its Drift-related risk exposure was minimal, disabled that lending source, and contacted impacted users. - Fuse Wallet paused deposits to Drift for its Earn product, but the wallet itself remained unharmed. - DeFi Carrot paused minting and redemption functions, while its Boost and Turbo products are unaffected. - xPlace halted deposits/withdrawals for its Savings product and temporarily disabled credit mode and lending functions. - Elemental DeFi, Project 0, and other protocols paused fund allocations pending Drift’s recovery. - Lulo Finance warned Classic deposit users may be impacted, though Protected and Boosted products carry no risk. (Source: SolanaFloor)
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