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

Odaily, Drift Protocol stated on the X platform that after the protocol is restored, users who 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 liquidation or insolvency scenarios. Since the protocol was paused before losses materialized through normal liquidation or insolvency pathways, 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 plans to disclose the relevant on-chain addresses so that the community can track fund usage and subsequent deployment.