Security experts believe hundreds of millions of dollars worth of cryptocurrency were stolen from decentralized finance platform Drift on Wednesday after the site confirmed it was experiencing a cyberattack. 

The Drift Protocol published multiple notices on Wednesday afternoon saying it is “experiencing an active attack” and that deposits as well as withdrawals are being suspended. 

“We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke,” the company said. 

Officials at Drift Protocol initially said they were observing unusual activity that required an investigation, urging customers not to deposit any funds and to proceed with caution. 

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