Crypto

How Solana Exchange Drift Plans to Repay Users After $295 Million Crypto Hack

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In brief

  • Solana-based Drift Protocol was hacked on April 1, with $295 million in user funds drained by attackers linked to North Korea.
  • Drift Protocol will issue recovery tokens to affected wallets, with each token representing $1 of verified loss.
  • Tether committed up to $127.5 million in…

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