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Drift: Restarted as the largest USDT perpetual exchange on Solana, attack attributed to North Korean group

WuSaidBlockchainW
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Drift announced on June 3rd that they are resuming updates, stating that the current focus is on restarting platforms that generate revenue and handling unresolved user losses through dedicated recovery pools. Drift said that with strategic support from Tether and other partners, the platform will relaunch as the largest USDT perpetual exchange on Solana. Drift stated that Noah Prince, former Helium protocol engineering lead, will join as the protocol lead, responsible for strengthening the codebase and platform security architecture; former Gauntlet team members will also participate in rebuilding work such as the liquidation engine, funding rates, market parameters, liquidator optimization, and risk monitoring. Drift also said that Mandiant's independent investigation has attributed the previous attack to North Korean threat organization UNC6862.
DRIFT-7.35%
SOL-5.05%
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GateUser-a4680931
· 8h ago
If the recovery pool mechanism is poorly designed, the secondary damage can be even more severe than a hacker.
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DepegDaydream
· 13h ago
June 3rd is a great date to choose, giving the market a confidence boost at the end of Q2.
View OriginalReply0
YieldYeti
· 13h ago
The largest USDT-margined perpetual? GMX, Jupiter Perps: Are you polite?
View OriginalReply0
AirdropLunchbox
· 13h ago
Former Helium leader + former Gauntlet member, this combination seems to be involved in infrastructure rather than pure finance background.
View OriginalReply0
BreadthHunter
· 13h ago
Solana ecosystem has just recovered, and now Drift has become another black swan.
View OriginalReply0
LonelyStoneUnderTheAurora
· 13h ago
Tether's exit endorsement, the move to USDT backing is being played steadily
View OriginalReply0
RedTelephoneBoothRuins
· 13h ago
UNC6862 has been confirmed, North Korean hackers are really specialized in this line of work.
View OriginalReply0

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