POPA ReconDrift Protocol Unveils Recovery Plan After $295M Exploit
Drift Protocol Unveils Recovery Plan After $295M Exploit Drift Protocol has released its full recovery framework following the April 1, 2026 exploit attributed to a DPRK-linked threat actor confirmed by Mandiant. The attack led to ~$295M in losses, prompting a temporary shutdown of core trading and borrowing functions. The team is now preparing a phased relaunch focused on security and user compensation. A major part of the plan is the issuance of Recovery Tokens, representing $1 per verified user loss, backed by a recovery pool seeded with ~$3.8M in remaining protocol assets. Additional in…
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