Drift targets restart after April attack with Tether-backed USDT perpetuals relaunch

The Solana platform said restoring revenue-generating functions is its immediate priority to speed user repayments after Mandiant linked the attack to North Korean group UNC6862.

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Summary

Drift said it is focused on restoring revenue-generating parts of its platform following the April attack, arguing that bringing core activity back online would help accelerate repayments to users. The company said it plans to relaunch as Solana’s largest USDT perpetuals exchange, with strategic support from partners including Tether. Mandiant identified North Korean threat group UNC6862 as the attacker. Perpetuals are crypto derivatives with no expiry date, typically used by traders seeking leveraged exposure.

Terms & Concepts
  • USDT perpetuals: Crypto futures-like contracts margined in USDT with no expiry date.
  • UNC6862: North Korean threat group identified by Mandiant.
  • revenue-generating platform functions: Core product features that produce fees or trading income.