Drift Foundation Says $295 Million Was Stolen in April Exploit
About 107,200 Ether remains in three wallets, while $9.2 million in frozen assets awaits legal procedures for release and return.
Drift Foundation said about $295 million in user assets was stolen during an April 1 security incident, with roughly 107,200 Ether (ETH) still unmoved in three wallets.
The stolen funds were later bridged to Ethereum, where about 130,300 ETH was spread across four wallets. One wallet transferred roughly 23,100 ETH to Tornado Cash on July 23, while the other three wallets have not moved their holdings.
The foundation said it hired Mandiant, zeroShadow and SEAL 911 to investigate the incident and track the funds. Mandiant identified the attacker as North Korean threat group UNC6862.
About $9.2 million in stolen assets has been frozen. Releasing and returning those funds still requires legal procedures.
Drift said assets recovered through freezes, bounties or law enforcement will be transferred to its DFX recovery pool. The foundation is also evaluating the future path of the DRIFT token across the broader ecosystem and has launched a public bounty program with Bybit offering 10% of successfully recovered funds.
