Drift unveils token recovery plan after $295M hack

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Drift unveiled a recovery plan after a roughly $295 million hack, saying affected wallets will receive one recovery token for every dollar lost. The compensation pool is about $3.8 million, and redemptions will start once it exceeds $5 million. Drift said early redemption will forfeit further claims, and the exchange is scheduled to relaunch in the second quarter of this year.

DRIFT-3.48%
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