{"id":88676,"date":"2026-05-02T03:03:18","date_gmt":"2026-05-02T03:03:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=88676"},"modified":"2026-05-02T03:03:18","modified_gmt":"2026-05-02T03:03:18","slug":"solana-yield-protocol-carrot-shuts-down-after-8m-exploit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=88676","title":{"rendered":"Solana Yield Protocol Carrot Shuts Down After $8M Exploit"},"content":{"rendered":"
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Carrot, a Solana-based DeFi yield protocol, announced its permanent shutdown on April 30, 2026, after losing approximately $8 million in total value locked, roughly half its TVL \u2013 to the fallout from the April 1 Drift Protocol exploit<\/a> that drained an estimated $285 million from one of Solana\u2019s largest perpetual futures platforms.<\/p>\n

Carrot was not directly hacked. It was taken down by a protocol it depended o, and that distinction is what makes this story more than a routine exploit summary.<\/p>\n

Users have until May 14, 2026, to voluntarily withdraw funds from Carrot\u2019s three core products. After that deadline, the team will begin force-deleveraging all remaining positions to 1x leverage, freeing liquidity for final CRT stablecoin redemptions.<\/p>\n

Carrot\u2019s official account on X confirmed the decision plainly: \u201cCarrot is shutting down. This is certainly not the outcome we wanted, but the situation with the Drift exploit has proven to be catastrophic for our continued operations.\u201d<\/p>\n

A snapshot of CRT token holdings was taken at 20:00 UTC on April 1, the exact moment of the Drift exploit, to preserve proportional claims for any future Drift recovery distributions paid via IOU token.<\/p>\n

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1\/ Carrot is shutting down<\/p>\n

This is certainly not the outcome we wanted, but the situation with the Drift exploit, has proven to be catastrophic for our continued operations.<\/p>\n

\u2014 Carrot (@DeFiCarrot) April 30, 2026<\/a><\/p>\n<\/blockquote>\n