Jupiter: Unaffected by the Drift event, JLP is fully backed by underlying assets.

Jupiter issued a statement on the X platform stating that it was unaffected by the Drift incident. Jupiter Lend is not involved in the Drift market, and JLP is entirely backed by underlying assets. Jupiter also stated that today was a difficult day for Solana DeFi and expressed its condolences to the Drift team and all those affected. (Note: JLP is the liquidity derivative token for Jupiter's contract trading products, with underlying assets consisting of BTC, ETH, SOL, and stablecoins.) Early this morning, the Solana ecosystem derivatives protocol Drift Protocol experienced a security incident, resulting in losses of at least $200 million, with some estimates approaching $270 million, of which more than half were JLP.