Cryptocurrency5 May 2026SEO 801 min read

Analysis: 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. Dri…

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 outlined a recovery plan for users hit by its $295 million April 1 exploit, which it attributed to a North Korea–backed DPRK hacking group identified by Mandiant. The plan centers on issuing recovery tokens pegged to verified user losses and funding a pool—starting with about $3.8 million and potentially growing to roughly $15…

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