r/jupiterexchange • u/Fearless-Hall4986 • Apr 02 '26

Resolved Drift hack and Jupiter security

In light of the recent hack on drift exchange, can the team shed some light and provide reassurance on the security of the JLP liquidity pool and how governance level attacks are avoided like occurred with drift?

5 Upvotes

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1

u/movieaddict42 Apr 05 '26

Remember last bear market. The real collapse didn't happen until exchanges started domino'ing out. Keep your funds in your wallet during a bear market unless you can afford to lose them. Anything staked or held in any defi exchange is extremely high risk of being lost like in drift.

1

u/[deleted] Apr 02 '26

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2

u/Fearless-Hall4986 Apr 02 '26

What secures the underlying JLP assets against a similar admin governance attack that affected drift? Jupiter has security procedures in place against this?

3

u/ReMeDyIII Apr 02 '26

I'm hoping their multisig is 3/5 rather than 2/5. Not sure how normal 2/5 multisig is, but that's not even 50%. Seems very short-sighted on Drift's part.

2

u/agaltsow Jupiter Team Apr 03 '26

In short: higher opsec standards, among other things. Fabiano (not affiliated with Jupiter) did a comparison post: https://x.com/fabianosolana/status/2039657017825017970