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04/09/2026

Solana Foundation Launches Security Initiative Following $285 Million Drift Protocol Exploit

The Solana Foundation announced it will offer tiered security services to DeFi protocols operating on its network, following the recent $285 million hack of Drift Protocol.

Solana Foundation Launches Security Initiative Following $285 Million Drift Protocol Exploit

What happened: The Solana Foundation announced it will offer tiered security services to DeFi protocols operating on its network, following the recent $285 million hack of Drift Protocol. This represents a significant shift toward institutionalized security support from the foundation level.

Why it matters: The move signals Solana's recognition that ecosystem security cannot rely solely on individual protocol teams, especially as TVL grows and attracts sophisticated attackers. This institutional approach to DeFi security could become a competitive advantage, potentially reducing insurance costs and increasing institutional confidence in Solana-based protocols.

Source: Decrypt