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via DLNews · By DLNews Staff
Drift to issue ‘recovery tokens’ in wake of $295m hack
DS
DLNews Staff(09:04 PM UTC)
1 min read
- Drift has proposed a recovery plan in the wake of a $295 million April hack.
- But it could take years to fully compensate victims, and relies on the success of a slimmed-down business model.
- Users would be issued “recovery tokens” representing a claim on a "recovery pool” that would be gradually filled by Drift revenue.
Developers behind Solana-based derivatives exchange Drift proposed on Tuesday a…
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