Orca CEO says funds are safe following Drift hack

Michael Hwang, CEO of the Solana-based decentralized exchange (DEX) Orca, announced on X that the platform is monitoring the recent hack of Drift. He confirmed that Orca's funds are safe and were unaffected by the incident. Hwang also noted that Orca's smart contracts have been audited by four independent firms and that the company will continue to raise its standards to protect users and their funds. Drift previously suffered a loss of approximately $350 million in a hacking attack.