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

Drift Protocol has announced a recovery strategy for users affected by a $295 million hack, which the firm attributes to North Korean-backed actors. The plan involves issuing "recovery tokens" to affected users, representing verified losses that can be redeemed as a recovery pool grows. This pool will be funded through protocol revenue, partner contributions, and potential support from Tether. Furthermore, Drift is cooperating with law enforcement to track stolen assets and has implemented a 10% bounty for recovery efforts. The protocol intends to relaunch in the second quarter with enhanced "security-first" measures, including multisig controls and time-locked operations.

(Source：CoinDesk)