Decentralized finance company Drift says it has suspended withdrawals and deposits after confirming a security incident.

The crypto platform said in a post on X that it was “experiencing an active attack,” and that it was working to “contain the incident.

” Security researchers and public blockchain data suggest the losses could be significant.

Blockchain security firm CertiK said on X that hackers may have stolen around $136 million, while crypto analytics firm Arkham put the figure at around $285 million stolen.

If confirmed, this would make the Drift hack the largest crypto theft of the year, according to the Rekt leaderboard, a site that tracks crypto thefts by size.

It’s not clear who is behind the attack, and a spokesperson for Drift did not immediately respond to a request for comment

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