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

Odaily Odaily Planet Daily News Drift Protocol stated on the X platform that after the protocol resumes operations, users who have staked in the Insurance Fund will be able to withdraw their corresponding portions normally. The insurance fund is designed to maintain the protocol's solvency during liquidation or insolvency scenarios. Since the protocol was paused before losses were processed through normal liquidation or insolvency pathways, the insurance fund was not affected by the related vulnerability or attack.

Drift Protocol added that the protocol's own insurance fund assets will be used to support system recovery and user restoration. It also plans to disclose the relevant on-chain addresses to allow the community to track fund usage and subsequent deployment.