Velocity DEX Relaunches After $280 Million Hack Linked to Lazarus Group
ID: 7d61cbaa-e4da-54cc-80eb-ed8e80023757
STIX ID: report--7d61cbaa-e4da-54cc-80eb-ed8e80023757
Feed Name: ThreatCluster
Threat Score
Velocity DEX (formerly Drift Protocol) suffered a major exploit on April 1, 2026 in which over $280 million was stolen—attributed to North Korea’s Lazarus Group after multisig wallets were compromised and 31 transactions executed in ~12 minutes; the platform remains offline, 11 DeFi protocols were impacted, total value locked fell from over $550M to ~$217M, and recovery measures include a $127.5M Tether credit line and a recovery-token system contingent on a $5M pool.
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