Cointelegraph•Friday, May 1, 2026 at 06:48 AM•1 min read
DeFi protocol Carrot becomes first casualty of $285M Drift exploit
The Signal TakeBearish
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9wYXlsb2FkLmx1bS10cmkub3JnL2FwaS9hcnRpY2xlLWNvdmVycy9maWxlL0hJJTIwVGhlJTIwcGVyZmVjdCUyMHN0b3JtJTIwRGVGaSUyMGhhY2tzJTIwd2lsbCUyMGFkdmFuY2UlMjB0aGUlMjBjcnlwdG8lMjBzZWN0b3IlMjBtb3ZpbmclMjBmb3J3YXJkLmpwZz9wcmVmaXg9bWVkaWElMkZhcnRpY2xlLWNvdmVycw==.jpg" alt="DeFi protocol Carrot becomes first casualty of $285M Drift exploit" class="type:primaryImage"></p><p>Carrot's total value locked has collapsed 93% in a month, from $28 million to $1.99 million, leaving the protocol financially unable to continue.</p>
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