Drift maps $295M DPRK exploit recovery: tokenized claims, revenue pool, and a Q2 relaunch.

Drift Protocol has outlined a structured recovery plan for users hit by its April 1 exploit — a $295.4 million attack attributed to a North Korea–backed hacking group identified by forensic firm Mandiant. The framework centers on issuing recovery tokens pegged one-to-one with verified user losses, redeemable as a dedicated pool grows to match total damages.

That pool opens with roughly $3.8 million in remaining protocol assets and is designed to scale through exchange revenue, up to $127.5 million in performance-linked Tether support, and up to $20 million from partners. About 130,259 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> — near $31 million — remains traceable across four monitored wallets, and roughly $3.36 million in <a class="ticker-mention" href="/en-US/token/usdc">USDC</a> has already been frozen. A public bounty offering 10% of any recovered assets is also live.

Drift aims to relaunch in Q2 as a security-first perpetuals exchange, adding new multisig controls…