DeFi or Not? The $285M Drift Hack & Franklin Templeton’s Big Crypto Push | Jito Labs & 250 Digital

DeFi or Not? The $285M Drift Hack & Franklin Templeton’s Big Crypto Push | Jito Labs & 250 Digital

From Crypto In America by Crypto In America

April 3, 2026 · 1h 3m

About this episode

The episode discusses the $285 million Drift Protocol hack, its implications for DeFi, and Franklin Templeton's new crypto platform.

Another major hack hit crypto this week, with early analysis pointing to possible involvement from North Korea. Drift Protocol’s $285 million exploit is raising fresh questions about how “decentralized” some DeFi platforms really are and why parts of the Senate’s pending market structure bill aim to address exactly that. We break it all down, plus the latest centralized versus decentralized tensions playing out around Wall Street’s favorite blockchain, Canton Network, with Jito Labs’ Rebecca Rettig. And in TradFi’s continued push into crypto, Franklin Templeton makes another big move, launching Franklin Crypto, a new institutional grade digital asset platform. We speak with Chris Perkins, CEO of 250 Digital, who is helping lead the charge.

People in this episode

Guests: Rebecca Rettig, Chris Perkins

Topics covered

  • DeFi
  • crypto hacks
  • market structure bill
  • centralized vs decentralized
  • institutional crypto
  • blockchain

Keywords

  • Drift Protocol
  • crypto hack
  • DeFi
  • Franklin Templeton
  • Canton Network
  • Jito Labs
  • blockchain
  • digital assets

Mentioned in this episode

Organizations: Drift Protocol, Senate, Canton Network, Franklin Templeton, Franklin Crypto, 250 Digital, Jito Labs

Places: North Korea

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