Drift Insurance Fund go reopen withdrawals before dem relaunch for Q2

Drift Protocol, di Solana perpetual futures exchange, talk say im Drift Insurance Fund no suffer di ~ $280M exploit we hapun April 1. For im May 20 update, Drift yan say people we put money for Insurance Fund go fit withdraw once dem don rebuild di platform and relaunch, dem dey target Q2 2026. Attack and shutdown: Di exploit use Solana “durable nonces” make dem empty users vaults of about $280M. Drift stop operations sharp sharp to limit more damage and protect system solvency, including di Insurance Fund. Dem dey blame actors wey get link to North Korea. Wetin go change for traders: Drift dey target relaunch for May/June, wit smaller product wey go only do USDT-settled perps. Dem plan to publish di Insurance Fund contract address for on-chain transparency. Recovery and funding terms: Drift lay out recovery framework wit about $150M contributions, Tether na major backer. Di plan include independent audits and new community multisig to reduce single-point failure risk. Drift before dey use yield for stakers and get 13–14 day withdrawal cool-downs. Key trading takeaway: Insurance Fund withdrawals reduce one big uncertainty. But users wey dem drain their vaults still depend on di wider recovery plan, and di $150M backstop fit no fully cover di total loss gap. Expect DRIFT token sentiment to remain fragile until timelines and on-chain execution show say dem dey credible.