# Loss Related Articles

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

April Fool's Joke? Drift Protocol Hacked for Over $280 Million, Potentially the Second Largest DeFi Heist in Solana Ecosystem

In a major security breach on April 1, Solana-based derivatives protocol Drift Protocol suffered an exploit resulting in over $280 million in losses, potentially making it the second-largest DeFi hack on Solana. The attack involved compromised admin keys, allowing the hacker to mint fake CVT tokens, manipulate oracles, and drain the treasury. The attacker executed 11 large transactions, transferring assets including 51.61 million USDC, 125,000 WSOL, and 164,000 cbBTC, before bridging funds to Ethereum to acquire nearly 20,000 ETH. Drift’s treasury plummeted from $309 million to $41 million within minutes. The protocol had recently updated to a 2/5 multi-signature wallet without a timelock, raising suspicions of insider involvement or private key leakage. Security firms like PeckShield pointed to admin key compromise as the likely cause rather than a smart contract bug. Following the incident, DRIFT token fell over 38%, and SOL dropped nearly 5%. Multiple projects integrated with Drift were affected, with several pausing deposits, withdrawals, or trading. The scale of the attack highlights ongoing vulnerabilities in DeFi, particularly around operational and key management security. Users are advised to avoid interacting with Drift until a full investigation is complete.

Odaily星球日报04/02 04:14

April Fool's Joke? Drift Protocol Hacked for Over $280 Million, Potentially the Second Largest DeFi Heist in Solana Ecosystem

Odaily星球日报04/02 04:14

Drift Protocol halts operations after suspected $285m exploit as funds move across wallets

Drift Protocol has halted deposits and withdrawals after confirming an active attack, with initial estimated losses around $285 million. Blockchain security firm PeckShield reported the losses span multiple assets, including $71.4M in USDC and $159.3M in JLP, among others. The attacker has begun moving funds across wallets, likely to obscure transaction trails. Unverified reports suggest the exploit may have involved a compromised administrative key, allowing manipulation of protocol parameters, though this remains unconfirmed. The incident reflects a trend of sophisticated DeFi attacks targeting governance and internal controls. An investigation is ongoing with no timeline for restoring operations.

ambcrypto04/01 20:03

Drift Protocol halts operations after suspected $285m exploit as funds move across wallets

ambcrypto04/01 20:03

Bitfarms Dumps Bitcoin, Rebrands As Keel Infrastructure In Full AI Shift

Bitfarms, a former Bitcoin mining company, is fully exiting the cryptocurrency business and rebranding as Keel Infrastructure. The company is relocating from Canada to the US and shifting its focus entirely to building data centers for high-performance computing and artificial intelligence. This strategic pivot follows a fiscal year 2025 net loss of $284.5 million, driven by falling Bitcoin prices and increased mining difficulty. Despite the loss, investors reacted positively, with shares rising 6.6%. The company still holds approximately $161 million in debt-free Bitcoin, providing financial flexibility during its transition. This move aligns with a broader industry trend of crypto miners seeking higher margins in AI and computing.

bitcoinist04/01 19:32

Bitfarms Dumps Bitcoin, Rebrands As Keel Infrastructure In Full AI Shift

bitcoinist04/01 19:32

Bitcoin STHs In Deep Pain As 97% Of Supply Underwater

Bitcoin short-term holders (STHs), who acquired their coins within the last 155 days, are facing significant losses, with 96.8% of their supply held at an unrealized loss. Only 3.2% of STH-held BTC remains in profit. Recent on-chain data indicates a decline in STH supply as coins mature into long-term holders (LTHs), reflecting increased HODLing sentiment amid the market downturn. Meanwhile, a separate transaction involving coins dormant for over 10 years suggests either rediscovery of lost BTC or a long-term holder moving funds. Bitcoin is currently trading around $66,600, down more than 6% over the past week.

bitcoinist04/01 10:02

Bitcoin STHs In Deep Pain As 97% Of Supply Underwater

bitcoinist04/01 10:02

A Red Q1? Bitcoin Is About To Make History If This Happens

Bitcoin is on the verge of an unprecedented event in its trading history: potentially closing January, February, and March of 2026 all in the red, a scenario that has never occurred before. January fell 10.17%, followed by a 14.94% loss in February. With just one trading day left in March, Bitcoin's month-to-date return is a marginal 0.31%, putting the record at risk. This would also mark the sixth consecutive monthly loss since its October 2025 all-time high. The Q1 2026 performance currently stands at -22.6%, the worst opening quarter since 2018. Investor sentiment has corroded to multi-year lows, mirroring the 2022 bear market.

bitcoinist03/30 20:31

A Red Q1? Bitcoin Is About To Make History If This Happens

bitcoinist03/30 20:31

Bitcoin struggles below $72.5K – Short-term holders sell at losses

Bitcoin has been trading below the critical $72,500 realized price level (excluding inactive supply) for two months, indicating sustained bearish pressure. Analysts note that short-term holders are realizing significant losses, with an average of 5,000 BTC sold at a loss daily, exacerbating downward momentum. Historical patterns suggest Bitcoin could remain under pressure for several more months. Key support lies at Binance’s realized price of $60,490. Holding above this level is crucial to prevent further decline, while reclaiming $72,500 is necessary for any potential recovery toward the short-term holder realized price of $82,300. Market structure remains weak, with dominant selling pressure and limited bullish support.

ambcrypto03/29 17:01

Bitcoin struggles below $72.5K – Short-term holders sell at losses

ambcrypto03/29 17:01

No Bitcoin Sell-Off At GameStop, 4,710 BTC Still On Books

Two months of speculation ended when GameStop confirmed it did not sell its Bitcoin. Instead, the company pledged 4,709 BTC to Coinbase Credit as collateral for a covered-call options strategy. This move, initially misinterpreted as a sell-off, involves selling call options with strike prices between $105,000 and $110,000. The company collects premiums and retains the Bitcoin if options expire unexercised. Although the coins were reclassified on the balance sheet as a digital asset receivable due to rehypothecation, GameStop's exposure to Bitcoin’s price remains unchanged. The position has resulted in significant unrealized losses, valued at over $59 million as of January 31, alongside a $2.3 million unrealized gain from the options. The company continues to hold one Bitcoin separately. CEO Ryan Cohen’s meeting with Michael Saylor preceded GameStop’s initial Bitcoin acquisition.

bitcoinist03/27 21:32

No Bitcoin Sell-Off At GameStop, 4,710 BTC Still On Books

bitcoinist03/27 21:32

$11.3 Billion Flows Into Bitcoin ETFs In One Month While Retail Sells At A Loss – Details

Bitcoin is consolidating around $70,000, but significant capital flows are occurring beneath the surface. Over 30 days, Bitcoin ETFs saw net inflows of $11.3 billion, absorbing 62,986 BTC as institutional buying accelerated to 2.6 times its monthly pace. This sustained demand has pushed ETF cumulative holdings to a record 1,326,874 BTC. Meanwhile, retail investors are selling at a loss, with short-term holders sending approximately 15,500 BTC daily to exchanges at a loss, accounting for the majority of their activity. This reflects sustained stress rather than a final capitulation event. The market structure shows institutions are buying faster than retail is selling, but the key signal to watch is whether loss-side selling compresses while the market holds or rises.

bitcoinist03/27 05:03

$11.3 Billion Flows Into Bitcoin ETFs In One Month While Retail Sells At A Loss – Details

bitcoinist03/27 05:03

These Days, Even Hackers Are Losing Money

An article titled "Even Hackers Are Losing Money These Days" details a cyber heist targeting Web3 social platform UXLink’s multi-signature wallet in September 2025. The attacker exploited a delegateCall vulnerability, bypassing security to steal over $11.3 million in assets, including stablecoins, ETH, WBTC, and UXLINK tokens. The hacker then dumped a large amount of UXLINK, causing its price to crash over 70%. Unlike typical hackers who launder funds through mixers like Tornado Cash, this attacker engaged in active on-chain trading, executing 625 transactions on CoW Swap over six months. However, poor trading decisions led to significant losses—at one point, the address was down nearly $4.8 million. The hacker repeatedly bought high and sold low, barely breaking even after six months of activity. Despite the traceability of the funds via platforms like Arkham, recovering the assets remains challenging for UXLink. The project has attempted to rebuild, but its token price has fallen 99% from its peak. The incident underscores that while technical skills enable theft, market volatility affects everyone equally—even hackers aren’t immune to losses.

marsbit03/25 05:25

These Days, Even Hackers Are Losing Money

marsbit03/25 05:25

Saylor Signals New Bitcoin Buy as Strategy’s Bitcoin Holdings Fall Around 10%

Michael Saylor has indicated that his company, MicroStrategy, is planning another Bitcoin purchase, continuing its aggressive accumulation strategy despite recent market downturns. The company, the largest corporate holder of Bitcoin, has significantly accelerated its buying, acquiring over 43,000 BTC in March alone for a total of $3.04 billion. This buying occurs as Bitcoin faces pressure from geopolitical tensions, causing its price to drop to around $67,725. Consequently, MicroStrategy's holdings are currently at an unrealized loss of approximately 10%, with an average acquisition cost of $75,696 per Bitcoin. Despite these paper losses, the company reaffirms its long-term belief in the cryptocurrency.

TheNewsCrypto03/23 07:24

Saylor Signals New Bitcoin Buy as Strategy’s Bitcoin Holdings Fall Around 10%