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On May 20, 2026, Drift Protocol issued a statement confirming that its Insurance Fund deposits were not impacted by a recent exploit and will be available for withdrawal after the protocol relaunches.
Following a ~$285 million exploit on April 1, 2026, Drift Protocol's governance proposal DIP-10 seeks to consolidate residual assets into a USDT reserve for user reimbursement, backed by a $147 million commitment from Tether and other partners.
Drift Protocol has announced a detailed recovery plan for users affected by a $295 million exploit, involving tokenized claims and a phased reimbursement pool.
Drift Protocol (DRIFT) current price is $0.017330, down 5.27% today.
Drift Protocol (DRIFT) daily trading volume is $32.2M
Drift Protocol (DRIFT) current market cap is $10.5M
Drift Protocol (DRIFT) current circulating supply is 611.5M
Drift Protocol (DRIFT) fully diluted market cap (FDV) is $17.3M
Drift Protocol (DRIFT) is founded by David Lu
