Elliptic flags $285 million Drift exploit as a likely North Korea-linked operation

Elliptic said Thursday the $285 million Drift Protocol exploit, the largest this year, carries “multiple indicators” of North Korea’s state-sponsored DPRK hacker group involvement. The research firm pointed specifically to onchain behavior, laundering methodologies and network-level signals, all of which align with previous state-linked attacks. Drift Protocol, whose token has dropped over 40% to roughly…

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IMF Says Tokenization Is a ‘Structural Shift’ in Finance, Not Just a Tech Upgrade

The International Monetary Fund also warns that the distribution and speed of on-chain transactions bring new challenges and risks that require international coordination. In a new staff research note published on Thursday, The International Monetary Fund (IMF) argues that tokenization represents a “structural shift in financial architecture,” not just an incremental efficiency gain. Authored by…

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