Drift Foundation states that approximately 9200000 USD in stolen funds has been frozen; 107,165 tokens ETH remain unmoved

AT A GLANCE

The Drift Foundation stated that approximately 9200000 USD in stolen funds have been frozen, 3 wallets containing 107,165 tokens ETH remain unmoved.

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Drift Foundation: Approximately 9200000 USD in stolen funds has been frozen; 107,165 tokens ETH remain unmoved

According to BlockBeats,September 30, the Drift Foundation released April 1 an update on fund recovery progress following the security incident. Approximately 295400000 USD in user assets was stolen. The Foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct the investigation and trace the funds. Mandiant identified the attacker as the North Korean threat group UNC6862.

The stolen funds were subsequently bridged to Ethereum, with approximately 130,259 tokens ETH distributed across 4 wallets. Of these, 3 wallets have remained inactive to date, collectively holding 107,165 tokens ETH; another wallet transferred approximately July 23 transferred approximately 23,094 to Tornado Cash on ETH to Tornado Cash. The Foundation stated that approximately 9200000 USD in stolen funds has now been frozen. These funds had previously been transferred through Tornado Cash on August, but their release and return still require legal proceedings.

The Drift Foundation will transfer all assets recovered through freezes, bounties, or law-enforcement channels to the DFX recovery pool, and is assessing the future path of the DRIFT token within the broader ecosystem. In addition, the Foundation has partnered with Bybit to launch a public bounty program, offering a 10%bounty for successfully recovered funds.

Original link:https://m.theblockbeats.info/flash/369808

Key points

The Drift Foundation released April 1 an update on fund recovery progress following the security incident.
Approximately 295400000 USD in user assets was stolen.
Approximately 130,259 tokens of ETH were bridged to Ethereum and distributed across 4 wallets.
Of these, 3 wallets collectively hold 107,165 tokens of ETH, with no transfers to date.
Another wallet on July 23 will transfer approximately 23,094 tokens ETH to Tornado Cash.
The foundation stated that approximately 9200000 USD in stolen funds have been frozen, but unfreezing and returning them still require cooperation with legal procedures.
The foundation said that all assets recovered through freezing, bounties, or law enforcement efforts will be transferred to the DFX Recovery Pool.
The foundation and Bybit launched a public bounty program, offering a bounty of 10% for successfully recovered funds.
The foundation engaged Mandiant, zeroShadow, and SEAL 911 to investigate and trace the funds.
The foundation said Mandiant identified the attacker as a North Korean threat organization UNC6862。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is an update on the tracking and recovery of funds following the security incident. Some funds have been frozen, but their return must still go through legal procedures; there are still 107,165 units ETH held in wallets that have not yet been transferred.

Why it matters to readers

The subsequent return of the frozen funds and whether the funds are transferred ETH whether a transfer occurs, and whether the recovered assets can enter the DFX recovery pool, will all affect the progress of recovering users’ assets.

Users should focus on whether the frozen funds are actually returned and whether new on-chain transfers occur involving the relevant wallets and recovered assets.

Risks and unknowns

Approximately 9200000 USD frozen remain, and it is unclear when they can be unfrozen and returned.
107,165 units ETH held in 3 wallets may be transferred later, but this remains unclear.
The attacker’s identity, frozen amount, and recovery progress claimed by the Foundation were not further verified in the evidence by independent primary materials.
The entry of recovered assets into DFX the recovery pool and DRIFT the subsequent path of the tokens remain under assessment or are affected by legal proceedings.

Drift Foundation states that approximately 9200000 USD in stolen funds has been frozen; 107,165 tokens ETH remain unmoved

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