“The Drift team is taking considered measures to ensure that users are made whole,” representatives of the Solana-based decentralized exchange, Drift Protocol, stated while commenting on the detailed recovery plan following an attack by North Korean hackers. Moreover, the platform plans not only to pay compensation but also to completely relaunch the protocol with an updated security system.
As Drift stated — “This will take time, but the structure is in place, and ecosystem partners are committed.” To implement the plan, the exchange will issue special “recovery tokens,” where each token represents $1 of verified loss, with the fund being replenished through exchange revenue and support from strategic partners like Tether.
But the company also specified that the relaunch, scheduled for Q2 2026, will take place on entirely new program code. This will allow for the implementation of timelocks on administrative operations and the elimination of vulnerabilities that caused the April exploit.