Expert Warns: Don't Just Audit Code, Secure Admin Keys After $200 Million Drift Hack

According to Omkar Godbole, a significant exploit on the Solana blockchain's Drift decentralized exchange highlights the importance of securing admin keys, not just auditing smart contracts. Omer Goldberg, founder of Chaos Labs, emphasized that the attacker gained control by compromising Drift's admin key, allowing them to create a fake collateral market and drain over $250 million in tokens. This incident underscores the need for robust key controls and governance in addition to smart contract audits. The Solana token has dropped to a five-week low, consistent with the broader market weakness. President Donald Trump's renewed threat to Iran has led to increased oil prices, impacting both traditional and crypto markets.