Drift Protocol: The insurance fund was not affected by the attack, and users can withdraw their staked shares after recovery

By: rootdata|2026/05/20 22:46:58
0
Share
copy

Drift Protocol stated on platform X that after the protocol is restored online, users who have staked in the Insurance Fund will be able to withdraw their corresponding shares normally. The Insurance Fund is designed to maintain the protocol's solvency in the event of liquidation or bankruptcy. Since the protocol was paused before losses were completed through normal liquidation or bankruptcy processes, the Insurance Fund was not affected by the related vulnerabilities or attacks.

Drift Protocol added that the assets of the protocol's own Insurance Fund will be used to support system restart and user recovery, and plans to publicly disclose the relevant on-chain addresses so that the community can track the use of funds and subsequent deployments.

-- Price

--

You may also like

The AI stock god who made 60 times profit bets 7.7 billion dollars on Nvidia reaching its peak

The significance of this quarterly report lies in its transformation of a judgment that previously remained more at the narrative level into a concrete position structure.

Founder of Baixing.com: We have transformed from leaders in AI to guides in AI

For the first time in thousands of years, humanity has a partner that is smarter than us—not a boss, not a slave, not a child, but a partner.

The tokenized market will reach a trillion-dollar scale, but there are still four major obstacles

Tokenizing trillions of dollars in assets is no longer a question of "if it will happen," but rather a question of who will build the applications for issuing, trading, and custodial services for these assets on a global scale.

WEEX Crypto Pizza Day: Join Us in Dubai for a Slice of Crypto History

Join WEEX in Dubai for a Bitcoin Pizza Day celebration of the first bitcoin transaction – 10,000 BTC for pizza (now worth $774,880,000 by the time of writing). Live trading, poker, and networking with crypto elites. Join WEEX, for a slice of crypto history.

Harvard and other institutions are liquidating their assets, and six core talents have left in a month. What is happening with Ethereum?

Vitalik's long-term vision is clear, but the realization of that vision requires stable coordination capabilities and continuous experience accumulation, both of which seem to be rapidly diminishing.

WEEX P2P now supports KES—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Kenyan Shilling (KES) is now available on WEEX P2P!

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com