1 hours ago
Drift Shares Recovery Plan for Affected Users > Every wallet impacted by the April 1 exploit will be issued a recovery t...
Drift Shares Recovery Plan for Affected Users

> Every wallet impacted by the April 1 exploit will be issued a recovery token which = their verified loss and proportional claim on the recovery pool.

> 1 recovery token = $1 of verified loss.

> Recovery pool is seeded with ~$3.8M in protocol remaining assets, with revenue + partner + Tether backing (up to $127.5M)

> Redemption opens once the pool exceeds $5M.

> Users can redeem anytime but early redemption forfeits remaining claims.

> Exchange relaunching in Q2 2026.

Source: https://www.drift.trade/updates/r...
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