# Solana Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Solana", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

In-Depth Reconstruction of the $285 Million Drift Hack: How Should DeFi Governance Move Beyond "Amateur Hour"?

On April 1, 2026, Drift Protocol, the largest perpetual futures DEX on Solana, suffered a catastrophic hack resulting in a loss of $285 million. The attack, attributed to a sophisticated social engineering campaign rather than a technical exploit, unfolded over several months. Hackers first infiltrated Drift’s internal circles by posing as a legitimate market maker, building trust over time. They then exploited Solana’s "Durable Nonce" feature to trick core team members into blindly signing transactions that granted administrative control. A critical vulnerability was introduced when Drift migrated to a 2/5 multisig structure without a timelock, allowing instant execution of privileged transactions with just two signatures. The attackers finally triggered the attack by adding a fake token (CVT) to the whitelist, manipulating its oracle price, and using it as collateral to drain the protocol’s treasury. The incident highlights fundamental flaws in DeFi governance, including overreliance on multisig mechanisms that lack intent verification and are vulnerable to social engineering. It underscores the misalignment between retail-grade security tools and institutional-scale treasury management. The hack signals the need for a security paradigm shift in DeFi, including adoption of Hardware Security Modules (HSMs) for key management, intent-based policy engines for transaction validation, and professional third-party custody solutions to ensure institutional-grade safety.

marsbitYesterday 12:00

In-Depth Reconstruction of the $285 Million Drift Hack: How Should DeFi Governance Move Beyond "Amateur Hour"?

marsbitYesterday 12:00

Node Count Drops 70%, This Time Solana Is in a Hurry

Solana's validator count has dropped by 70% from its peak of 2,560 in March 2023 to around 756, accompanied by a 35% decrease in its Nakamoto coefficient, indicating increased centralization. This decline is largely due to the phasing out of the Solana Foundation Delegation Program (SFDP), which previously subsidized smaller validators. Many of these validators were economically unviable without support, controlling only 19% of the total stake, while larger nodes held over 80%. In response, Solana is implementing a new validator policy effective May 1, focusing on infrastructure decentralization. The policy imposes limits: no single Autonomous System Number (ASN) can host more than 25% of staked SOL, and no single data center can exceed 15%. It also enforces stricter performance rules, including faster transaction processing and anti-censorship measures, to improve network reliability and security. Critics, like node operator Chainflow, argue that the rules may unfairly penalize competent smaller validators based on their hosting location rather than performance, potentially forcing them into less reliable infrastructure and accelerating their decline. Amid ambitions to become a "Nasdaq on-chain" for global capital markets, Solana trails Ethereum and BNB Chain in real-world asset (RWA) value but leads in user activity. The network's upgrades aim to enhance stability and reduce finality times, competing with Ethereum's efforts to scale and decentralize further. The success of Solana's new policies is crucial for gaining institutional trust and competing effectively in the evolving blockchain landscape.

marsbit04/10 04:08

Node Count Drops 70%, This Time Solana Is in a Hurry

marsbit04/10 04:08

175-Year-Old Western Union: Not Just Playing with Stablecoins, but Also Acquired a Digital Wallet

At 175 years old, Western Union, the global money transfer giant, is undergoing a significant digital shift. After a failed 2018 experiment with Ripple's XRP due to high costs, the company is now aggressively embracing blockchain and digital assets. In April 2026, Western Union acquired Singapore-based digital wallet Dash from Singtel, marking its first digital wallet asset in the Asia-Pacific region. Dash, with 1.4 million users, offers a full suite of services including payments, remittances, savings, insurance, and investments, deeply integrated into Singapore's local life. This move is part of a broader strategy to modernize its legacy business. While Western Union's vast network of over 500,000 physical agent locations remains its backbone, it is also its biggest cost burden. The company faces intense competition from digital-native rivals like Wise and Remitly, which offer significantly lower fees. To compete, Western Union is building a "Digital Asset Network." A key component is its own USD-pegged stablecoin, USDPT, issued on the Solana blockchain in partnership with Anchorage Digital. It is also piloting a stablecoin-linked Visa card with Rain for users in high-inflation countries like Argentina, allowing them to spend or cash out dollars at its agent locations. The acquisition of Dash represents a fundamental change: moving from being a transient "pipe" for money transfers to building a destination where users stay. Dash provides a trusted, established platform to test and deploy these new digital products, serving as a launchpad for Western Union's expansion across the Asia-Pacific region.

marsbit04/07 09:46

175-Year-Old Western Union: Not Just Playing with Stablecoins, but Also Acquired a Digital Wallet

marsbit04/07 09:46

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