11 DeFi protocols affected by Drift security incident, some suspending core functions

Odaily Planet Daily News: According to monitoring by SolanaFloor, the Drift protocol vulnerability incident has affected 11 DeFi protocols, including Reflect Money, Ranger Finance, Neutral Trade, Elemental DeFi, Project 0, Lulo Finance, Asgard Finance, DeFi Carrot, Pyra, xPlace, and Fuse Wallet. Some protocols have paused their minting, redemption, or deposit/withdrawal functions.

Ranger Finance confirmed a roughly $900,000 risk exposure, accounting for about 6% of its $14.6 million total value locked. Pyra said users’ funds are affected because they earn yield by being held in Drift, and it has paused the Pyra Card feature. Asgard Finance said the Drift-related risk exposure is not significant; it has disabled that credit source and contacted affected users. Fuse Wallet has paused deposits from its Earn product to Drift, and the wallet itself is not affected. DeFi Carrot has paused its minting and redemption functions; its Boost and Turbo products are not affected. xPlace has paused deposit and withdrawal for its Savings product, and the credit mode and lending functions are temporarily disabled. Elemental DeFi, Project 0, and other protocols said the relevant fund allocation has been paused and they are waiting for Drift to resume operations. Lulo Finance warned that Classic deposit users may be affected, while the Protected and Boosted products have no risk exposure.