Suspicion surrounds the Drift theft incident, with reports indicating executive changes and major multi-signature modifications before the event.

BlockBeatNews · 2026-04-02T03:25:03+00:00

The signing keys of the Drift protocol hold significant authority and lack a time lock. At the same time, the protocol's migration to a new multi-signature account has raised concerns, with the community worried about management and risk control systems.

BlockBeatNews

2026-04-02 03:25:03

Abstract generation in progress

BlockBeats message, April 2, according to an analysis by Omer Goldberg, founder of Aave risk advisory firm Chaos Labs, the Drift protocol’s signing key holds multiple major powers, and there are no delay mechanisms such as time locks. And a week ago, Drift migrated to a new multi-signature account, which was created by one of the signers of the original multi-signature account. This signer did not add himself to the new account, and the multi-sig setup was also changed to “2/5” (1 old signer + 4 new signers).

In addition, there are views in the community suggesting that key members of Drift’s core team left last month, raising questions about internal management of the protocol, key handover, and the risk-control system.

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