Drift Protocol unveils $295M recovery plan with tokens after major exploit

Drift Protocol announced a recovery plan following a $295 million exploit linked to a DPRK-affiliated attacker. The protocol will issue recovery tokens representing users' verified losses, funded by protocol revenue, Tether support, and partner capital. Most stolen funds remain traceable but unrecovered, with law enforcement involved. Drift aims to relaunch in Q2 2026 with enhanced security and a focus on perpetual trading, signaling a long-term recovery process rather than immediate payouts.