Drift announces rebrand to Solana ecosystem Perp DEX, with revenue allocated to establish a user compensation fund

BlockBeats News, June 4th, Drift Protocol announced that its current top priority is to relaunch the platform and restore revenue-generating capabilities to expedite the user fund recovery process. After the platform relaunch, it will become the largest USDT perpetual swap trading platform on Solana, and the related revenue will be used to support a dedicated user compensation fund. Drift stated that with the strategic support provided by Tether and other partners, substantial progress has been made in the relaunch efforts.

To strengthen security, Drift announced the appointment of former Helium Protocol engineering lead Noah Prince as the protocol lead, responsible for protocol restructuring and security system upgrades. Meanwhile, former Gauntlet team members have also joined the relaunch efforts to provide the platform with risk management and treasury design support, including liquidation engine reviews, funding rate optimization, market parameter adjustments, and ongoing risk monitoring.

Additionally, Drift has engaged the cybersecurity firm Mandiant to conduct an independent forensic investigation of the attack incident. The investigation results indicate that the attack can be clearly attributed to the North Korean hacker group UNC6862, which is associated with multiple cyberattack campaigns. Drift stated that it will continue to drive the platform relaunch with security as a core focus and will announce the user compensation mechanism and specific timeline in the future.