285 million to learn a lesson: Multi-signature is not a cure-all

Drift states that its insurance fund was not affected by this attack, as it was paused before the attack and did not incur losses; users can unpledge but withdrawals require a 13-day cooling-off period.
The attack is reportedly caused by a stolen administrator key, resulting in losses of approximately $285 million.
The insurance mechanism is used to absorb liquidation/bankruptcy losses and does not cover external attacks; funds will be used for system reboot and user recovery, and on-chain addresses are planned to be published for community tracking.