PANews reported on May 6th that, according to CoinDesk, Drift Protocol announced a user recovery plan for the approximately $295 million security breach that occurred on April 1st, an attack attributed to a North Korean-backed hacking group. The core of the recovery plan is the issuance of receipt tokens representing verified user losses, with each token representing $1 of verified loss. Holders can redeem these tokens based on the accumulated value of the recovery pool over time. The recovery pool initially has approximately $3.8 million and is expected to grow through up to $127.5 million in exchange revenue and up to $20 million in support from Tether and partners, until it covers the total loss of approximately $295.4 million. Drift has frozen approximately $3.36 million in USDC and launched a public bounty of 10% of the recovered assets. Drift plans to relist on "security-first" exchanges in the second quarter. Legal recovery efforts are ongoing.