April Sees Major $650M Crypto Hacks Led by KelpDAO and Drift
- Hack Losses: In April 2026, the crypto market experienced hacks resulting in over $650 million in total losses, with KelpDAO losing $292 million and Drift Protocol losing $285.2 million, highlighting the severity of these attacks and their impact on investor confidence.
- Changing Attack Patterns: North Korean hacking groups accounted for 76% of crypto hack losses through April 2026, and while the number of attacks has decreased, the $577 million loss from two major incidents indicates a significant shift in their strategy since 2017.
- DeFi Sector Vulnerability: DeFi projects suffered the highest losses at $609.3 million, underscoring the sector's security vulnerabilities and potentially diminishing investor trust in decentralized finance solutions.
- Evolving Hacking Techniques: Experts suggest that North Korean hackers may be employing AI tools to enhance reconnaissance and social engineering for more precise attacks, indicating a troubling trend that could escalate future cybersecurity threats.
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Technical Analysis for DRIFT
Technical Sentiment Analysis for Drift (DRIFT). As of , Drift (DRIFT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DRIFT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DRIFT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Drift (DRIFT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0142 | 0.0223 | 0.03 | 0.0381 | 0.0458 | 0.0539 | 0.0616 |
| Fibonacci | 0.0223 | 0.0283 | 0.0321 | 0.0381 | 0.0441 | 0.0479 | 0.0539 |
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