Cointelegraph01.05.2026Technik
Solana DeFi Protocol Carrot Shuts Down After Drift Exploit Contagion
One of first DeFi protocols to fall from April exploit, sets May 14 deadline for user fund withdrawals
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- Carrot, a Solana-based DeFi yield protocol, is permanently shutting down following the catastrophic Drift Protocol exploit on April 1 that drained $285 million.
- The protocol's total value locked collapsed from $28 million to $1.99 million, a 93% decrease.
- Users must withdraw funds by May 14 before deleveraging.
KI-generierte Zusammenfassung
Schriftgröße
Carrot, a Solana-based DeFi yield protocol, is permanently shutting down following the catastrophic Drift Protocol exploit on April 1 that drained $285 million. The protocol's total value locked collapsed from $28 million to $1.99 million, a 93% decrease. Users must withdraw funds by May 14 before deleveraging. The Drift hack was the second-largest crypto exploit of 2026, causing contagion across several affiliated projects.
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This article was originally published by Cointelegraph.
