North Korea Allegedly Linked to $577 Million Cryptocurrency Theft
- Massive Theft Allegation: North Korea is allegedly linked to the theft of approximately $577 million in cryptocurrency through two attacks, with losses of about $280-286 million from Drift Protocol and roughly $290 million from KelpDAO, marking one of the largest state-sponsored crypto theft campaigns reported in 2026.
- Attack Methodology Insights: The Drift Protocol incident involved attackers seizing security council powers within the governance structure, highlighting vulnerabilities in decentralized finance (DeFi) governance layers, while KelpDAO's $290 million exploit was independently corroborated, emphasizing risk concentration in high-value DeFi protocols.
- Increased Compliance Risks: Should the North Korea connection be confirmed, the stolen funds could fall under existing sanctions regimes, exposing exchanges and DeFi front-ends to compliance risks when processing tokens traceable to these exploits, particularly under U.S. Treasury OFAC guidelines.
- User Concerns Heightened: For users of both Drift Protocol and KelpDAO, the immediate concern revolves around the recoverability of deposited funds, as neither protocol has publicly confirmed full remediation details, raising anxiety and skepticism regarding platform security.
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Technical Analysis for DRIFT
Technical Sentiment Analysis for Drift (DRIFT). As of , Drift (DRIFT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 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 | 0.0133 | 0.02 | 0.0244 | 0.0311 | 0.0355 | 0.0422 | 0.0466 |
| Fibonacci | 0.02 | 0.0242 | 0.0268 | 0.0311 | 0.0353 | 0.0379 | 0.0422 |
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