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Drift Protocol insurance fund was not affected by the attack; users can withdraw their staked shares after recovery.

MarsBitNews
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Crypto News from Mars Finance: Drift Protocol announced on the X platform that after the protocol resumes operation, users who have pledged to the Insurance Fund will be able to withdraw their respective shares normally. Its insurance fund is designed to maintain the protocol’s solvency in cases of liquidation or bankruptcy. Since this time the protocol was paused before losses could be fully resolved through normal liquidation or bankruptcy processes, the insurance fund was not affected by any related vulnerabilities or attacks. Drift Protocol added that the protocol’s own insurance fund assets will be used to support system reboot and user recovery, and plans to publicly disclose related on-chain addresses to allow the community to track fund usage and subsequent deployments.
DRIFT-0.17%
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TwoFactorZen
· 6h ago
How is the user recovery plan specifically implemented?
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RiskParachute
· 13h ago
The presence of insurance funds is usually low, but they really save lives in critical moments.
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SymbolsInTheReflection
· 15h ago
The insurance fund was not affected by the vulnerabilities, and the risk control was well executed.
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Yield慢炖锅
· 15h ago
Staking users can retrieve their shares, which is a rare blessing amidst misfortune.
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LittleBitcoinInTheReflection
· 15h ago
I hope other protocols can also learn from this kind of transparency.
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FragmentGlowFlower
· 15h ago
Pausing in time, or else the fund might really not be able to hold up.
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MirrorBallRolling
· 15h ago
Go to track immediately once the address is announced.
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StargazerInTheWoods
· 15h ago
The design of the insurance fund mechanism is quite crucial, providing a safety net for liquidation and bankruptcy.
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ReflectiveChainShadow
· 15h ago
Drift's handling of this crisis was quite decent; at least it didn't make users pay the price.
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AirdropLunchbox
· 15h ago
Is the staking withdrawal process smooth after the platform is back online?
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