The post Solana Foundation to Help Secure DeFi Protocols Following $285 Million Drift Hack appeared on BitcoinEthereumNews.com.

In brief The Solana Foundation launched the STRIDE security program with 24/7 threat monitoring for protocols exceeding $10M total value locked. Protocols with over $100M TVL receive “formal verification” services funded by the Foundation. On April 1, the Solana-based Drift Protocol saw $285 million swiped in an exploit that’s believed to have been planned for months by North Korean hackers. Nearly a week after a prominent Solana-based decentralized exchange was hit with a $285 million hack that’s been linked to North Korean hackers, the Solana Foundation has revealed plans to help secure the network’s largest DeFi protocols. The Solana Foundation and Asymmetric Research launched STRIDE, a tiered security program that provides 24/7 threat monitoring for DeFi protocols with over $10 million in total value locked (TVL). For protocols with over $100 million TVL, the Foundation will offer “formal verification”—described in a post as “a mathematical, proof-based method that guarantees smart contract correctness by exhaustively checking every possible state and execution path.” STRIDE—or Solana Trust, Resilience and Infrastructure for DeFi Enterprises—evaluates protocols against security standards before providing ongoing protection services. The initiative marks a significant escalation in blockchain security infrastructure as attackers target Solana’s growing billions in locked value with increasingly sophisticated methods. The program launched alongside the Solana Incident Response Network (SIRN), a membership-based collective of security firms dedicated to rapid ecosystem defense. Founding participants include Asymmetric Research along with OtterSec, Neodyme, Squads, and ZeroShadow. The framework will evolve based on real-world assessment feedback, with version 0.1 currently live.  The timing underscores an urgent need—Drift Protocol suffered an exploit where attackers drained $285 million in under 12 minutes on April 1, demonstrating the speed and scale at which modern DeFi vulnerabilities can be exploited. Drift said on Sunday that it discovered that North Korean hackers had spent six months…

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Filed under: News - @ April 7, 2026 6:22 pm