SlowMist Cosine's Commentary on Drift Attacks: DeFi Projects Need to Anticipate Extreme Situations of Private Key Compromise and Their Response Mechanisms

CoinFeed reported on April 2nd that Yu Xian, founder of SlowMist, commented on the Drift attack on the X platform, stating: "All DeFi projects should review as soon as possible and regularly what extreme consequences might occur if their owner/admin private keys are compromised, whether they can receive timely alerts, whether they can respond promptly, and what the response measures are. All users should also understand clearly what their financial exposure would be in extreme circumstances (such as an internal malicious attack) in the DeFi they are using." Earlier today, it was reported that Drift Protocol suffered a hacker attack, resulting in losses of at least $200 million.