Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

Coindesk •

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On-chain data shows Drift Protocol's TVL dropped 65% post-exploit to $105M, with $190M in net outflows. Whale wallets withdrew $75M via DEXs in the past week, likely hedging against future claims dilution. The revenue-backed pool proposal suggests allocating 50% of protocol fees to repay users - at current rates, full recovery would take 14 months.

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Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

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Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

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