The Drift hack shorted the ETH/BTC exchange rate, making a floating profit of $658,000 in one day.

The ETH/BTC exchange rate fell by 3.56%, and the Drift hack realized a floating profit of $658,000. Address 0x45d…c00ca opened a $20 million short position in ETH (20x leverage) and a long position in BTC (20x leverage). This morning at 6 AM, both BTC and ETH fell, but BTC subsequently rebounded more strongly than ETH, increasing the unrealized profit of this position.