Drift Protocol: Insurance fund not affected by the attack, users can withdraw staked shares after restoration
According to Odaily, Drift Protocol posted on platform X stating that, after the protocol resumes operations, Insurance Fund staking users will be able to withdraw their corresponding shares as normal. The Insurance Fund is designed to maintain the protocol's solvency in the event of liquidations or bankruptcy. Since the protocol was paused before any losses were realized through normal liquidation or bankruptcy procedures, the Insurance Fund was not affected by the relevant vulnerabilities or attacks.
Drift Protocol further added that the protocol's own Insurance Fund assets will be used to support the system restart and user recovery, and plans to make the relevant on-chain addresses public for the community to track fund usage and subsequent deployments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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