According to on-chain analyst Ai Yi's monitoring, a suspected Justin Sun address has withdrawn another 3.2 million USDT from Spark. Since April 29, it has accumulated withdrawals of $96.62 million in stablecoins. The treasury address 0x939…6A1D1 still holds $1.15 billion in Spark, including 1.02 billion USDS and 131 million USDC.

North Korean spies spent months conducting multiple in-person meetings with Drift Protocol employees before executing one of the largest social engineering attacks against a crypto protocol, stealing $285 million. According to TRM Labs data, losses attributed to North Korean hackers accounted for 76% of total crypto hack losses in 2026. (CoinDesk)

DeFi project Carrot announced it will cease operations due to the significant operational impact caused by the Drift vulnerability exploit. Carrot has set May 14 as the deadline for users to withdraw remaining funds from Boost, Turbo, and CRT. Following this, the platform will begin deleveraging its system—reducing all leverage to zero—to free up liquidity for CRT redemptions. Carrot stated that user-deposited funds remain the property of users; should Drift pursue any subsequent recovery measures, related funds will still be distributed per prior announcements.

According to Reuters, Reddit announced its Q2 2026 financial guidance, forecasting revenue of $715–$725 million—above the market expectation of $711.6 million—and adjusted EBITDA of $285–$295 million—also exceeding analysts’ consensus estimate of $277.1 million. Additionally, the number of active advertisers rose 75% year-on-year; revenue climbed 69% year-on-year to $663 million—surpassing the market expectation of $610.9 million; daily active unique visitors increased 17% year-on-year to 126.8 million; and global average revenue per user (ARPU) rose 44%. Reddit stated it is continuously enhancing advertising efficiency through AI-powered tools—including an AI ad copy generator tailored for Reddit’s environment—and performance-based ads driven by these AI tools now account for over 60% of total advertising revenue.

According to on-chain analyst Onchain Lens (@OnchainLens), over the past 24 hours, Pastel Alpha founder Cooker.hl (@CookerFlips) sold 45,786 HYPE tokens at an average price of $39.39, receiving $1.8 million in USDC, which was subsequently deposited into Coinbase.

Wasabi Protocol stated that the Wasabi smart contracts on Solana are secure and unaffected by this vulnerability. The vulnerability is limited to Wasabi’s EVM deployments. The team is collaborating with leading security firms and has contacted law enforcement and the FBI. Further updates will be shared as they become available.