Wu Shuo learned that Drift Protocol announced a recovery plan after the vulnerability incident on April 1st, stating that all affected wallets will receive Recovery Tokens, representing their verified losses and proportional claims to the recovery fund pool, where 1 Recovery Token corresponds to a verified loss of 1 USD.


The initial funds of the recovery fund pool are approximately 3.8 million USD, derived from the protocol's remaining assets and converted into USDT, and will continue to increase through a portion of net exchange income, partner capital, and Tether's maximum deployment of 127.5 million USD.
Drift stated that when the fund pool exceeds 5 million USD, redemptions will be opened, and users can redeem at any time, but early redemption will forfeit remaining claim rights.
Previously, Drift Protocol suffered a theft of 280 million USD.
DRIFT-2,57%
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