North Korea exploited Drift for $270M

North Korean intelligence orchestrated a sophisticated six-month operation to exploit the decentralized finance (DeFi) platform Drift, ultimately draining $270 million. The attackers infiltrated the system by posing as a legitimate trading firm, engaging with Drift contributors in person across various international locations. They strategically deposited $1 million of their own funds into the platform, building trust and waiting for half a year before executing their elaborate exploit. This detailed planning highlights the evolving tactics of state-sponsored cybercrime targeting the cryptocurrency space.