News

Drift outlines a recovery plan for users after $295 million DPRK-linked exploit

  • Olivier Acuna--CoinDesk
  • published date: 2026-05-05 18:59:23 UTC

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 announced Tuesday the implementation of a recovery plan for users affected by a $295 million exploit on April 1, which it attributed to the North Korea state-backed DPRK hacking group … [+2091 chars]