Drift to issue ‘recovery tokens’ in wake of $295m hack

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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