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

Bringing Crypto and Finance Closer to You

  • Latest News
  • Statistics
  • About
  • Contact
Subscribe
CoinLaw Logo
  • Latest News
  • Statistics
  • About
  • Contact
Subscribe
Home Β» Fintech

Solana Foundation Launches STRIDE After $270M Drift Hack

Published on: April 7, 2026
Kathleen Kinder
Written By
Kathleen Kinder
Kathleen Kinder
Senior Editor • 1,778 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:
Strive Buys 17.76 Bitcoins Below Its Own Cost Basis
Strategy Sells 3,588 Bitcoin to Fund Preferred Dividends
Bridge Secures MiCA and EMI Licenses Across EU
Barry Elad
Reviewed By
Barry Elad
Barry Elad
Founder & Senior Journalist • 578 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:
Remittances by Country Statistics 2026: Inflows and Cost
How Many People Use Cryptocurrency Worldwide 2026: Global User Count by Year and Region
Stablecoin Market Cap Statistics 2026: Issuer Share and Growth
Solana Foundation Launches Stride Security After Drift Protocol Hack
As Featured In
Bloomberg LogoForbes LogoFortune LogoCoinDesk LogoCoinMarketCap 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

β€” 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.

βœ… Join readers from Visa, 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

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

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

Defi Development Launches 200m Program
Investments

DeFi Development Launches $200M Program to Buy More Solana

Major Solana Etfs Experience Outflows After Upbit Hack
Cryptocurrency

Solana ETF Rally Stumbles With $8 Million Outflow Triggered by TSOL

Jito Foundation Acquires Solanafloor
Investments

Jito Foundation Acquires SolanaFloor After Security Breach

Disclaimer:Β 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 Secures $150M From Tether, Shifts to USDT
Circle Faces Lawsuit Over Alleged Inaction in $295M Drift Hack
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

  • Best Cloud Mining Platforms
  • Millennial vs. Gen Z Banking
  • Ethereum Gas Fees Statistics
  • Binance vs. Coinbase Statistics
  • Zelle vs. Venmo Statistics
  • Traditional Banks vs. Neobanks
  • Crypto Exchange Hack Statistics
Contact Us
13570 Grove Dr #189,
Maple Grove, MN 55311,
United States
10β€―a.m. – 6β€―p.m. | Every day

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

  • Privacy Policy
  • Terms
  • Accessibility Statement
Manage your privacy

To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site and show (non-) personalized ads. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

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.
Statistics

Marketing

Features
Always active

Always active
  • 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.
Statistics

Marketing

Features
Always active

Always active
  • 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
  • Banking
  • Finance
  • Insurance
Cryptocurrency
How Many People Use Cryptocurrency Worldwide
How Many People Use Cryptocurrency Worldwide 2026: Global User Count by Year and Region
Stablecoin Market Cap Statistics
Stablecoin Market Cap Statistics 2026: Issuer Share and Growth
Coinbase vs Kraken Statistics
Coinbase vs Kraken Statistics 2026: Volume, Fees, Licenses
Solana vs Ethereum Statistics
Solana vs Ethereum Statistics 2026: TVL, Fees, Validators, ETFs
Uniswap vs PancakeSwap Statistics
Uniswap vs PancakeSwap Statistics 2026: Head-to-Head DEX Data
Cryptojacking Statistics
Cryptojacking Statistics 2026: 80+ Cloud, Cost & Threat Numbers
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
Toast Statistics 2026: ARR, GPV & Revenue Data
Rapyd Statistics
Rapyd Statistics 2026: TPV, Valuation & Licences
Marqeta Statistics
Marqeta Statistics 2026: TPV, Revenue and Customer Mix
Banking
N26 Statistics
N26 Statistics 2026: Customers, Deposits, Revenue and the BaFin Growth Cap
Revolut vs Monzo Statistics
Revolut vs Monzo Statistics 2026: Customers & Profit
Islamic Banking Statistics
Islamic Banking Statistics 2026: Assets, Growth, and Top Markets
Credit Union Statistics
Credit Union Statistics 2026: Assets, Members, Loans
Banking API Statistics
Banking API Statistics 2026: Market Size, Adoption, and Growth
Citigroup Statistics
Citigroup Statistics 2026: Growth Secrets Inside
Finance
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
Blockchain In Healthcare Finance Statistics
Blockchain in Healthcare Finance Statistics 2026: Cost Breakthrough
AI-Powered Robo Trading Statistics
AI-Powered Robo Trading Statistics 2026: Big Insights
Insurance
Lemonade Insurance Statistics
Lemonade Insurance Statistics 2026: Customers, In-Force Premium, Loss Ratio, Pet & Auto Segments
Chubb Statistics
Chubb Statistics 2026: Powerful Data Insights
Virtual Reality In Insurance Statistics
Virtual Reality In Insurance Statistics 2026: Innovations, Risks, and Opportunities
US Life Insurance Industry Statistics
US Life Insurance Industry Statistics 2026: Growth Facts
US Auto Insurance Industry Statistics
US Auto Insurance Industry Statistics 2026: What You Must Know Now
UK Insurance Industry Statistics
UK Insurance Industry Statistics 2026: Growth Data
Categories
  • Cryptocurrency
  • Investments
  • Fintech
  • Compliance
  • Finance
Cryptocurrency
Bitmine S Eth Holdings Reach 11 1 Billion
Bitmine’s ETH Holdings Reach $11.1 Billion
Strive Buys 17 76 Bitcoins Below Cost Basis
Strive Buys 17.76 Bitcoins Below Its Own Cost Basis
Strategy Sells 3 588 Bitcoin To Fund Preferred Dividends
Strategy Sells 3,588 Bitcoin to Fund Preferred Dividends
Binance Unveils Plan For One Account Super App
Binance Unveils Plan for One-Account Super App
Defi Protocol Summer Fi Exploited
Summer.fi Hit by $6 Million DAI Exploit
Etoro Leads 12 5m Round In Extended Exchange
eToro Leads $12.5M Round in Extended Exchange
Investments
Binance Reportedly Set To Lead Mesh S 2b Round
Binance Reportedly Set to Lead Mesh’s $2B Round
Kiwoom Chases Bithumb Stake South Korea
Kiwoom Chases Bithumb Stake as South Korea Crypto Expands
Sbi Seals 288m Bitbank Acquisition
SBI Seals $288M Bitbank Acquisition to Expand in Japan
Kraken Plans 72m Investment In Aave For A Stake
Kraken Eyes Major Aave Deal With $71M Investment Plan
Bybit Launches Pwm 2 0 For Vip2 Wealth Investors
Bybit Launches PWM 2.0 for VIP2+ Wealth Investors
Kalshi Eyes 40b Valuation For Next Round
Kalshi Eyes $40B Valuation as Funding Talks Heat Up
Fintech
Sberbank Plans Russian Crypto Wallet Launch
Sberbank Plans Crypto Wallet as Russia Licenses Market
Bitgo Slashes 15 Of Jobs
BitGo Slashes 15% of Jobs to Accelerate AI and Stablecoins
Certik Joins Xdc Network As Validator
CertiK Joins XDC Network to Advance RWA Adoption
Meta Plans Arena Prediction Markets App
Meta Plans Arena Prediction Markets App to Rival Polymarket
Charles Hoskinson Backs Midnight City Cardano Ai Strategy
Cardano AI Strategy Expands as Hoskinson Backs Midnight City
South Korea Plans Crypto Access To Fintech Firms
South Korea Weighs Big Crypto Transfer Boost for Fintechs
Compliance
South Korea Court Proposes Crypto Seizure Rules
South Korea Court Proposes Crypto Seizure Rules
Ripple Wins Full Mica Casp License In Luxembourg
Ripple Wins Full MiCA CASP License in Luxembourg
South Africa Unveils New Crypto Taxation Framework
SARS Publishes Draft Crypto Tax Guide for Comment
Bridge Secures Mica And Emi Licenses
Bridge Secures MiCA and EMI Licenses Across EU
Bank Of Russia Digital Ruble Rollout Ready
Bank of Russia: Digital Ruble Rollout Ready for September
Brazil Orders Crypto Firms To Hold Capital Reserves
Brazil Orders Crypto Firms to Hold Capital Reserves
Finance
Kraken Lets Traders Post Tokenized Stocks As Collateral
Kraken Lets Traders Post Tokenized Stocks as Collateral
Kalshi Targets Ipo After Massive Valuation
Kalshi Targets IPO After Massive Growth and $22B Valuation
Coinbase To Launch Tokenized Us Stocks
Coinbase Sparks New Race With 1:1 Backed Tokenized Stocks
Bitmine Launches 300m Preferred Stock Offering
Bitmine Launches $300M Preferred Stock to Buy More ETH
Coinbase Lists Spacex Pre Ipo Perpetual Futures
Coinbase Lists SpaceX Pre IPO Perpetual Futures
Binance Expands Into 24 7 Us Stocks Trading
Binance Expands Into US Stocks With New bStocks Service
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.

βœ… Join readers from Visa, Vanguard, and the FDIC.
Newsletter Img

The Weekly Briefing

We track the market 24/7. You get a 5-minute summary. If it’s quiet, we skip it.

βœ… Read by pros at Visa, Vanguard, and the FDIC.