• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
CoinLaw LogoCoinLaw

Bringing Crypto & Finance Closer to You

  • Latest News
  • Statistics
  • Tools
  • About
  • Contact
  • Subscribe
Subscribe
CoinLaw Logo
  • Latest News
  • Statistics
  • Tools
  • About
  • Contact
Add as a preferred
source on Google
Home » Fintech

Solana Foundation Launches STRIDE After $270M Drift Hack

Published on: April 7, 2026, 5:28 PM EDT
Kathleen Kinder
Senior Editor • 2,002 Articles
Kathleen Kinder brings over 11 years of experience in the research industry, with deep expertise in finance, cryptocurrency, and insurance. ... See full bio
LATEST POSTS:
Binance Denies Data Breach Rumors After $6.34 Billion Crypto Hack
Strategy Buys 1,036 Bitcoin for $81.9M, Holdings Hit 850K
Hyperliquid Strategies Makes Bold Bid for US Futures Trading
Barry Elad
Founder & Senior Journalist • 584 Articles
Barry Elad is a finance and tech journalist who loves breaking down complex ideas into simple, practical insights. Whether he's exploring fi... See full bio
LATEST POSTS:
Bitcoin Mining Revenue Statistics 2026: Block Subsidy, Fees and Halving Impact
Bougainville Crypto Regulation and Licensing: What the Rules Say
Bitcoin Mining by Country Statistics 2026: Hashrate Share by Nation
Solana Foundation Launches Stride Security After Drift Protocol Hack
As Featured In
Deloitte logoForbes LogoFortune LogoCoinDesk LogoInvestopedia logo
Share on LinkedIn ChatGPT Perplexity Share on X Share on Facebook

Solana Foundation has introduced a new security program to strengthen its ecosystem after a major $270 million exploit.

Key Takeaways

  • Solana Foundation launched the STRIDE program to improve DeFi security and monitoring.
  • The move follows a $270 million exploit on Drift Protocol linked to a social engineering attack.
  • New measures include 24 hour threat monitoring and an incident response network.
  • The initiative aims to restore trust as SOL faces market pressure.

What Happened?

The Solana Foundation announced a major security overhaul, introducing the STRIDE program and a coordinated response network. The decision comes shortly after a large scale exploit hit Drift Protocol, exposing gaps beyond traditional smart contract audits.

The new system focuses on continuous monitoring, public risk evaluation, and faster response to threats across the Solana ecosystem.

Solana was built for security. As the ecosystem scales, so does our investment in the tools, standards, and support.

Today that commitment deepens with a new security program, active monitoring, formal verification for top protocols, and a new crisis response network.

Learn… pic.twitter.com/17M4TgqpsQ

— Solana Foundation (@SolanaFndn) April 6, 2026

STRIDE Program Introduces Structured Security Framework

At the core of this initiative is the STRIDE program, developed in partnership with Asymmetric Research. The framework evaluates protocols across multiple security layers, including access controls, governance risks, key management, and smart contract integrity.

Unlike traditional audits, STRIDE goes beyond code review. It introduces a multi pillar evaluation model that also considers operational and human vulnerabilities, which were central to the Drift exploit.

Importantly, all evaluation results will be published publicly, giving users and investors a clearer view of protocol risks. This transparency creates a shared benchmark for security across the ecosystem.

Protocols that pass the evaluation and hold over $10 million in total value locked will receive continuous 24 hour monitoring funded by the foundation. This monitoring is designed to detect suspicious activity early and reduce the chance of large scale losses.

For protocols exceeding $100 million in TVL, the foundation will fund formal verification, a mathematical method that tests every possible execution path in a smart contract. This adds a deeper level of assurance for high value applications.

Incident Response Network Aims for Faster Action

Alongside STRIDE, Solana introduced the Solana Incident Response Network, a coordinated group of security firms including OtterSec and Neodyme.

This network focuses on real time collaboration during security incidents. It enables faster communication between researchers, exchanges, and infrastructure providers, which could help limit damage during future attacks.

The importance of such coordination became clear after the Drift exploit, where response timing played a critical role. Onchain investigator ZachXBT criticized Circle Internet Financial for not freezing a large portion of stolen funds quickly enough.

While STRIDE improves prevention, the response network is designed to contain threats once they occur.

Newsletter Img
Don't chase the news. Let us curate it.

You get one weekly briefing with only the stories that matter. If the market is quiet, we skip it.

Read by pros at Visa, Mastercard, Vanguard, and the FDIC.

Drift Exploit Highlights Human Security Risks

The Drift Protocol incident revealed that technical audits alone are not enough. The attack did not exploit smart contract bugs. Instead, it relied on a six month social engineering campaign that compromised contributor devices.

Attackers gained access through a malicious repository and a fake application, eventually securing valid approvals for transactions that appeared legitimate onchain. This made detection extremely difficult.

Notably, even advanced tools like formal verification or onchain monitoring would not have prevented this type of attack. It exposed a critical gap between code security and human trust.

CoinLaw’s Takeaway

In my experience, this is one of the most important shifts I have seen from Solana. The focus is no longer just on speed or growth, but on building trust at scale. I found that many projects rely too heavily on audits, assuming code security equals full security.

What stands out here is the recognition that human error and operational gaps are the real weak points. STRIDE does not solve everything, but it pushes the ecosystem in the right direction by combining transparency, monitoring, and coordinated response.

If Solana executes this well, it could set a new standard for how DeFi ecosystems approach security going forward.

Definition of Smart Contract. Link to full glossary entry follows the description.Smart Contract

A smart contract is a self-executing program stored on a blockchain that automatically enforces agreement terms when predefined conditions are met, without intermediaries.

Read more about Smart Contract

Definition of DeFi. Link to full glossary entry follows the description.DeFi

Decentralized finance leverages blockchain protocols and smart contracts to enable lending, trading, and borrowing without banks or traditional intermediaries.

Read more about DeFi

This article has been reviewed and fact-checked by Barry Elad. CoinLaw follows strict Publishing Principles and a documented Fact-Check Policy to ensure accuracy, transparency, and editorial independence across all content.

Add CoinLaw as a Preferred Source on Google for instant updates! Follow on Google News
Share ChatGPT Perplexity

References

  • Solana Foundation STRIDE Announcement
Kathleen Kinder

Kathleen Kinder

Senior Editor


Kathleen Kinder brings over 11 years of experience in the research industry, with deep expertise in finance, cryptocurrency, and insurance. At CoinLaw, she writes timely, reader-focused news articles and also serves as a senior editorial reviewer. Drawing on her background in B2B research, consumer insights, and executive interviews, she ensures every piece delivers clarity, accuracy, and real-world relevance.

Related Posts

Drift Files Lawsuit Again Circle For No Action On Fund Freezing
Cryptocurrency

Circle Faces Lawsuit Over Alleged Inaction in $295M Drift Hack

Jito Foundation Acquires Solanafloor
Investments

Jito Foundation Acquires SolanaFloor After Security Breach

Defi Protocol Carrot Shuts Down After Drift Exploit
Cryptocurrency

Solana DeFi Protocol Carrot Shuts Down After Drift Exploit Fallout

Disclaimer: The content published on CoinLaw is intended solely for informational and educational purposes. It does not constitute financial, legal, or investment advice, nor does it reflect the views or recommendations of CoinLaw regarding the buying, selling, or holding of any assets. All investments carry risk, and you should conduct your own research or consult with a qualified advisor before making any financial decisions. You use the information on this website entirely at your own risk.

Reader Interactions

Leave a Comment Cancel reply

Primary Sidebar

Connect With Us

facebook x linkedin google-news telegram pinterest whatsapp email
google-preferred-source-badge Add as a preferred source on Google

You Should Also Read

Drift Reveals Recovery Plan After $285M Solana Hack
Drift Secures $150M From Tether, Shifts to USDT
Step Finance Closes After Major Solana Hack

Table of Contents

  • Key Takeaways
  • What Happened?
  • STRIDE Program Introduces Structured Security Framework
  • Incident Response Network Aims for Faster Action
  • Drift Exploit Highlights Human Security Risks
  • CoinLaw’s Takeaway
Connect on Telegram

Footer

CoinLaw Logo

Bringing Finance Closer to You.

Connect With Us

Follow Us on Google News

Editorial & Trust

  • About
  • Publishing Principles
  • Fact-Check Policy
  • Corrections Policy
  • Ethics Policy
  • Disclaimer
  • Cookie Policy

Worth Checking

  • The Crypto Desk
  • Exchange Listings Tracker
  • Crypto Regulation Tracker
  • Retail Options Trading Stats
  • Banking Customer Retention Stats
  • NFT Market Growth Stats
  • DeFi Market Stats
Contact Us
13570 Grove Dr #189,
Maple Grove, MN 55311,
United States
10 a.m. – 6 p.m. | Every day

Copyright © 2024–2026 CoinLaw. All Rights Reserved. Powered by the HODL Force ❤️

  • Privacy Policy
  • Terms
  • Accessibility Statement
Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
Manage options
  • {title}
  • {title}
  • {title}
Manage your privacy
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
Manage options
  • {title}
  • {title}
  • {title}
Company
  • About Us
  • Our Team
  • Our Mission
  • Core Values
Discover
  • glossary icon
    Glossary
  • Stats
    Stats Research Process
  • Brand Guide Icon
    Brand Assets
Categories
  • Cryptocurrency
  • Payments
  • Investments
  • Banking
  • Finance
Cryptocurrency
Bitcoin Mining Revenue Statistics Block Subsidy Fees and Halving Impact
Bitcoin Mining Revenue Statistics 2026: Block Subsidy, Fees and Halving Impact
Bitcoin Mining by Country Statistics Hashrate Share by Nation
Bitcoin Mining by Country Statistics 2026: Hashrate Share by Nation
Crypto Regulation by Country 2026: Legal Status, Tax and Licensing
Crypto Regulation by Country Statistics 2026: Legal Status, Tax and Licensing
Biggest Crypto Hacks Statistics Ranked by Value Stolen
Biggest Crypto Hacks Statistics 2026: Ranked by Value Stolen
Perpetual Futures Statistics Volume Funding and Leverage
Perpetual Futures Statistics 2026: Volume, Funding and Leverage
Bitcoin Treasury Companies Statistics Holdings and Cost Basis
Bitcoin Treasury Companies Statistics 2026: Holdings and Cost Basis
Payments
Remittances By Country Statistics
Remittances by Country Statistics 2026: Inflows and Cost
Cash App vs Zelle Statistics
Cash App vs Zelle Statistics 2026: Speed, Limits and User Data
Venmo vs. PayPal Statistics
Venmo vs PayPal Statistics 2026: Users, Fees and Volume
Toast Statistics 2026: ARR, GPV, Take Rate and Revenue
Toast Statistics 2026: ARR, GPV, Take Rate and Revenue
Rapyd Statistics 2026: Valuation, Revenue and PayU Deal
Rapyd Statistics 2026: Valuation, Revenue and PayU Deal
Marqeta Statistics TPV Revenue Profit and Customer Mix
Marqeta Statistics 2026: TPV, Revenue, Profit and Customer Mix
Investments
Crypto ETF Statistics Net Assets Fees and Flows by Issuer
Crypto ETF Statistics 2026: Net Assets, Fees and Flows by Issuer
Largest Investment Banks Statistics
Largest Investment Banks Statistics 2026: Revenue, League Tables and Headcount
Public vs Robinhood Statistics
Public vs Robinhood Statistics 2026: Users, Assets, and Fees Compared
Robinhood vs Acorns Statistics
Robinhood vs Acorns Statistics 2026: Users, AUM and Fees
Robinhood vs Fidelity Statistics
Robinhood vs Fidelity Statistics 2026: Accounts, AUM, and Fees Compared
Robinhood vs Schwab Statistics
Robinhood vs Schwab Statistics 2026: Users, Assets, Pricing
Banking
Global Systemically Important Banks Statistics
Global Systemically Important Banks Statistics 2026: Bucket Allocation and Capital Surcharges
Bank Failures Statistics
Bank Failures Statistics 2026: FDIC Data, DIF Costs, and Recent Trends
The 15 Largest Banks in the US
The 15 Largest Banks in the US in 2026: By Assets, Deposits, and Branches
N26 Statistics Revenue Profit Customers and BaFin Oversight
N26 Statistics 2026: Revenue, Profit, Customers and BaFin Oversight
Revolut vs Monzo Statistics
Revolut vs Monzo Statistics 2026: Customers & Profit
Islamic Banking Statistics Assets Growth and Top Markets
Islamic Banking Statistics 2026: Assets, Growth, and Top Markets
Finance
Federal Tax Revenue By State Statistics
Federal Tax Revenue by State Statistics 2026: IRS Gross Collections, Top 10 States, Donor vs Recipient
Tariff Revenue Statistics
Tariff Revenue Statistics 2026: Customs Duties and IEEPA Refunds
Emergency Fund Statistics
Emergency Fund Statistics 2026: How Much Americans Have Saved (and How Much They Should)
Financial Advisor Statistics
Financial Advisor Statistics 2026: Headcount, AUM, and Demographics
Wealth Inequality Statistics
Wealth Inequality Statistics 2026: Hidden Wealth Divide
Blockchain In Supply Chain Finance Statistics
Blockchain in Supply Chain Finance Statistics 2026: Trade Breakthrough
Categories
  • Cryptocurrency
  • Fintech
  • Payments
  • Compliance
  • Investments
Cryptocurrency
Binance Denies Data Breach Rumours
Binance Denies Data Breach Rumors After $6.34 Billion Crypto Hack
Strategy 1036 Btc Purchase
Strategy Buys 1,036 Bitcoin for $81.9M, Holdings Hit 850K
Coinbase Us Federal Charter
Coinbase Wins Final U.S. Approval for National Trust Charter
Kraken And Aave Defi Push
Kraken Parent Payward Buys AAVE Tokens, Deepens Its DeFi Push
Polygon Hard Fork Could Return 6 8 Million in Stolen POL
Polygon Hard Fork Could Return $6.8 Million in Stolen POL
Justin Sun Wlfi Sanction Uae
Justin Sun Seeks Sanctions Against World Liberty Over UAE Ties
Fintech
Openpayd 107 Million Arr
OpenPayd Hits $107 Million ARR as Stablecoin Revenue Grows
Google Mpc Crypto Custody Preview
Google Challenges Fireblocks and BitGo With New MPC Crypto Custody Service
Ledger Atom Hardware Wallet Launch
Ledger Unveils Atom Android Wallet Amid Implant Probe
Payward And Saldo Bank Acquisition
Kraken Owner Payward Plans Saldo Bank Purchase: Report
Og Com Cryptostruct Event Contracts
CryptoStruct Opens OG.com Event Contracts to Algo Traders
Bybit Ceo Ben Zhou Keynote October 13
Bybit CEO Ben Zhou Sets Global Livestream Keynote
Payments
Gnosis Pay Confirms Security Breach
Gnosis Pay Confirms Consumer Card Breach Weeks Before Planned Shutdown
Visa And Fireblocks Acquisition Rumours
Fireblocks Denies $2.5 Billion Visa Acquisition Talks
Mastercard Ai Agent Payment Early Access
Mastercard Opens Agent Pay for Machines to Developers
Coinbase Marqeta Stablecoin Cards
Marqeta Taps Coinbase to Power Stablecoin-Backed Cards
Sbi Startale Join Open Standard
SBI, Startale Join Open Standard for JPYSC-OUSD Pilot
Mastercard and BVNK Launch Global Money Platform for Stablecoins
Mastercard and BVNK Launch Global Money Platform for Stablecoins
Compliance
Jensen Huang Shareholder Sued
Nvidia CEO Jensen Huang Faces Lawsuit Amid Chinese Spy Scandal
Hyperliquid Strategies Cftc Filing
Hyperliquid Strategies Makes Bold Bid for US Futures Trading
Bitget Thailand Ban December
Bitget Faces Dec. 5 Block in Thailand Over Licensing Allegations
Bybit Dubai Vara License Spot Trading
Bybit Wins VARA Approval for Dubai Spot Trading Services
Utah State Sues Kalshi Gambling
Utah Sues Kalshi for Up to $60 Million Over Illegal Wagers
Bingx Eu Mica License
BingX EU Secures MiCA License From Austria’s FMA
Investments
Robinhood Opens U S Ipos To Uk Investors
Robinhood Unlocks Access to U.S. IPOs for UK Retail Investors
Okx Investment Ripple Circle Standard Chartered
OKX Raises Strategic Capital at $25 Billion Valuation
Payward And Bny Partnership Crypto Custody
Payward and BNY Explore Strategic Crypto Tie-Up
Strategy Locks Strc Dividend Rate At 12 For October
Strategy Locks STRC Dividend Rate at 12% for October
Cboe S P 500 Options Spx
Cboe and S&P DJI Extend SPX Options Exclusivity to 2051
Ondo Finance Blackrock Tokenized Stock
Ondo Brings BlackRock Portfolios On-Chain in Major Move
Crypto Calculators
  • Crypto Profit Calculator Profit, return and break-even on a trade after fees.
  • APY to APR Converter Convert APR and APY at any compounding frequency.
  • Satoshi to USD Converter Convert sats, BTC and dollars at the live bitcoin price.
  • DCA Calculator Backtest buying crypto every week or month at real past prices.
  • Crypto Market Cap Calculator What a coin would be worth at any market cap you pick.
Finance Calculators
  • Compound Interest Calculator Growth with monthly deposits, or what a goal needs.
  • CD Calculator Interest and maturity value on a certificate of deposit.
  • HELOC Payment Calculator Monthly payments in the draw and repayment periods.
  • Coast FIRE Calculator What you need invested today to stop saving and still retire.
  • Percent Off Calculator Sale price and savings for any percent off.
All 8 Finance Calculators
All 13 tools
Newsletter Img

Too much noise in crypto?

We respect your time. You get one high-impact briefing a week. If the market is quiet, so are we.

Read by pros at Visa, Mastercard, Vanguard, and the FDIC.