Carrot protocol to shut down after Drift breach wipes out TVL
Carrot has announced a permanent shutdown after losses tied to the Drift exploit left the protocol unable to continue, with May 14 set as the withdrawal deadline.DefiLlama data shows Carrot’s total value locked fell from about $28 million to $1.99 million following the April 1 attack on Drift.Drift Protocol said the exploit followed months of social engineering, with losses estimated at about $280 million and linked to a coordinated campaign.
2026-05-01 09:06:16
