$285M Drift hacker is moving funds again after months of silence

Ethereum wallet known as “Drift Exploiter 4” on Etherscan started transferring money associated with the hacking of Drift Protocol, amounting to $285 million in April. According to blockchain security company PeckShield, an address linked with the Drift exploiter sent out about $44.4 million in 23,095.

1 ETH to Tornado Cash, with an additional transfer of 0.85 ETH to Bybit. According to Etherscan transaction records, the wallet is identified as 0xbDdAE987FEe930910fCC5aa403D5688fB440561B and it is seen that the Tornado Cash deposits were segregated into several transactions.

The address also belongs to Arkham Intelligence’s “Drift Protocol Exploiter” group which comprises nearly twenty wallets suspected of being involved with the exploit. These transactions constitute the first significant movement of the stolen funds in the last four months and make another sizeable amount of illegal crypto available on the market. Although investigators have not made a conclusive attribution, multiple blockchain analytics companies have connected the operation with North Korean state-sponsored hackers or infrastructure utilized in prior operations carried out by the DPRK.

Drift funds begin moving again after months of silence Drift, the biggest perpetual futures trading platform on Solana, lost approximately $285 million following a hack where scammers exploited the protocol instead of taking advantage of a loophole in its smart contracts. PeckShield claimed the incident reduced Drift’s total value locked by over 50% and allowed the thieves to quickly transfer most of the stolen funds from Solana to Ethereum before going silent. The most recent transfers align with the laundering patterns seen by blockchain investigators.

Chainalysis’ 2026 Crypto Crime Report suggests that groups with links to North Korea are known to keep stolen assets dormant for many weeks before using bridges, wallets and privacy technology to carry out transfers and make recovery challenging. Routing the funds