Drift, the largest perpetual futures exchange on Solana, confirmed a $280 million breach on Wednesday, halting trading and freezing user funds. The attack, executed in hours after weeks of preparation, mirrors North Korean tactics used against Bybit in 2025, per company reports. Perpetual futures, which allow 24/7 leveraged trading of assets like oil and metals, have driven DeFi growth but remain unregulated in the U.S., where regulators are considering approvals. Hyperliquid, a rival exchange, saw 420% volume growth in 2025, highlighting the sector’s explosive expansion.