Drift Protocol
Drift Protocol's Insurance Fund remains intact after risk pause
Drift Protocol's proactive risk management highlights the importance of balancing decentralization with practical safeguards in DeFi. Drift Protocol's Insurance Fund remains intact after risk pause.
Drift says Insurance Fund deposits remain safe after exploit backlash
Drift Protocol says Insurance Fund deposits were not impacted by the exploit and can still be withdrawn after relaunch.
Drift Sparks Crypto Backlash Over Plan to Convert Exploit Funds Into USDT
Exploit amount: The attack on April 1, 2026, resulted in the loss of approximately $285 million after the governance system was compromised. USDT Reserve: Proposal DIP-10 seeks to consolidate residual assets into a stablecoin reserve to support future user reimbursements. Financial support: Tether and other partners have committed up to $147.
Drift faces backlash over plan to convert exploit-linked assets into USDT
Drift's latest recovery proposal has sparked criticism after the protocol moved to convert remaining exploit-linked assets into a USDT-backed settlement pool.
Pi Network consolidates around $0.18 as market weighs long-term narrative against near-term drift
Across major aggregators, Pi Network (PI) is quoted today at roughly $0.179 per PI, with 24‑hour trading volume near $28–35 million. One representative feed has PI at $0.
Drift Protocol Releases Recovery Plan After $295 Million Exploit—Key Details
Drift Protocol announced on Tuesday that it has laid out a recovery plan for users affected by the April 1 exploit, an incident that resulted in a major loss of roughly $295 million in user funds on the lending decentralized exchange (DEX).
Drift Protocol Unveils $295M Recovery Strategy After Devastating Hack
A Solana-based derivatives platform, Drift Protocol, has unveiled its comprehensive recovery strategy following a devastating $295 million security breach that occurred on April 1, 2026. Cybersecurity investigators at Mandiant traced the intrusion to DPRK, a state-sponsored hacking collective operating out of North Korea.
Drift outlines a recovery plan for users after $295 million DPRK-linked exploit
The lending protocol proposed tokenized claims, a revenue-backed pool and a security overhaul as it works with law enforcement to recover the stolen funds.
Drift Protocol Outlines User Recovery Plan Ahead of Relaunch and Governance Vote
Drift Protocol was hacked on April 1, 2026, by a North Korea-linked actor, resulting in approximately $295 million in user funds lost. The recovery plan includes compensation tokens backed by exchange revenues, $127.5M from Tether, and $20M from strategic partners. Approximately 130,259 ETH remain in four traceable Ethereum wallets. Around $3.
Drift unveils recovery plan after $295M DPRK-linked exploit, introduces user claim tokens
Drift Protocol has outlined a recovery plan following its $295M exploit, proposing recovery tokens and gradual payouts backed by revenue and external funding.
Drift Protocol Hack: North Korean Hackers Reportedly Stole $285M
North Korean hackers reportedly stole $285 million from Drift Protocol following months of offline employee targeting, according to multiple blockchain security firms investigating the incident.
Hacked DeFi Platform Drift Protocol Gets Tether Backing to Reimburse Customers and Relaunch Operations
Drift Protocol—the Solana-based perpetual futures exchange—has arranged substantial new capital to address losses from a recent security breach and prepare for a full operational restart.
