Crypto Lawyer: The Drift incident may constitute "civil negligence"

2026-04-05 22:39:48

Golden Finance reports that on April 6, attorney Ariel Givner said that if the Drift team followed standard operational security procedures, the hack targeting the Solana-based decentralized finance (DeFi) platform Drift Protocol could have been avoided, and the incident may constitute “civil negligence.”
“Put simply, civil negligence means they failed to fulfill basic duties to protect the funds they manage,” Givner said in response to the Drift team’s post-incident analysis report and its handling of the Wednesday $280 million vulnerability incident.
The Drift team failed to follow “basic” security procedures, including storing signing keys in a separate, “physically isolated” system that is never used for development work, and conducting due diligence on blockchain developers they met through industry conferences.

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