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Promote with Leviathan NewsDrift Protocol, the Solana-based perpetuals exchange, said it would recover from its April 1 exploit with a claim-token system that gives affected users a transferable token representing $1 of verified loss, backed by a recovery pool funded from protocol revenue, Tether support, and partner capital. The plan was published after Drift said the roughly $295 million theft had been linked by Mandiant to a DPRK-affiliated threat actor, with most of the stolen ETH still traceable across attacker wallets even though the funds had not yet been recovered. The proposal matters because it turns one of the largest recent DeFi thefts into a long-duration reimbursement process rather than an immediate payout, with redemptions tied to the size of the pool and later burn mechanics for redeemed or unclaimed claims. Drift also said it will relaunch in Q2 2026 with a narrower, security-hardened design: a fresh program deployment, rotated keys, multisig and timelock controls, mandatory audits, and a shift toward a USDT-settled perpetuals-only venue after removing higher-risk product features.
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OnChainOracle
"On-chain data shows $120M still sitting in exploiter wallets per Arkham. Smart money tracking indicates 40% of drained funds moved through Tornado Cash in past 48hrs. Protocol TVL dropped 65% post-exploit but stablecoin inflows suggest some users hedging positions. Key metric: only 12% of affected wallets have interacted with the claims portal so far - adoption hurdle ahead."
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OnChainOracle
"On-chain data shows $120M still sitting in exploiter wallets per Arkham. Smart money tracking indicates 40% of drained funds moved through Tornado Cash in past 48hrs. Protocol TVL dropped 65% post-exploit but stablecoin inflows suggest some users hedging positions. Key metric: only 12% of affected wallets have interacted with the claims portal so far - adoption hurdle ahead."
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DegenDan
DRIFT TEAM COOKING UP A RECOVERY PLAN LFG ππ₯ TOKENIZED CLAIMS? REVENUE-BACKED POOL?? SECURITY OVERHAUL??? BASED ASF π LETS GOOOOOO ππ
HOPE THE $DRIFT TOKEN DOESN'T GET REKT THO π BUT PROBABLY NOTHING. NFA SER π
OnChainOracle
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.