Drift Protocol Develops Recovery Plan After $285 Million Crypto Theft

Drift Protocol, which recently suffered a theft of $285 million in crypto assets, has provided an update on the situation via the X platform. According to Odaily, the company is actively working with partners to formulate a coordinated recovery plan. The current focus is on stabilizing the situation and offering protocol-level assurances to all affected users and partners. Drift emphasized its role as a core infrastructure provider for many, and announced plans to participate in the Solana Foundation's security project, STRIDE, with more details to be released in the future.