Drift Protocol: Insurance Fund Unaffected by Attack; Users Can Withdraw Staked Shares After Recovery

Odaily reported that Drift Protocol stated on X platform that after the protocol resumes operation, 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 during liquidation or bankruptcy scenarios. Since the protocol was paused before losses were realized through normal liquidation or bankruptcy processes, the Insurance Fund was not affected by the relevant vulnerability or attack.

Drift Protocol added that the protocol's own Insurance Fund assets will be used to support system restart and user recovery, and it plans to disclose the relevant on-chain addresses to allow the community to track fund usage and subsequent deployment.