Drift announces restart as a Solana ecosystem Perp DEX, with revenue used to establish a user compensation fund pool

BlockBeats News, June 4 — Drift Protocol stated that its current top priority is to restart the platform and restore its revenue-generating capabilities, to accelerate the recovery of user funds. After the platform restarts, it will become the largest USDT-denominated perpetual contract trading platform on Solana, and the related revenue will be used to support a dedicated user compensation fund pool. Drift said that, with strategic support from Tether and other partners, the restart work has made substantial progress.

To enhance security, Drift announced the appointment of Noah Prince, former Helium protocol engineering lead, as the protocol lead, responsible for protocol reconstruction and security system upgrades. At the same time, former members of the Gauntlet team have also joined the restart efforts to provide support for risk management and treasury design, including liquidation engine review, funding rate optimization, market parameter adjustments, and ongoing risk monitoring.

In addition, Drift hired the cybersecurity company Mandiant to conduct an independent forensic investigation into the attack incident. The investigation results show that the attack can be clearly attributed to the North Korean hacker group UNC6862, which is associated with multiple cyberattack operations. Drift said that going forward, it will continue to advance the platform restart with security as the core, and it will announce the user compensation mechanism and the specific timing in subsequent updates.