News linked to both this project and an event.
New York Supreme Court Judge Kathy J. King has signed an order to pause proceedings in a lawsuit seeking ownership claims over 39,069 dormant bitcoin wallets, and has scheduled a hearing for July 14 regarding a key amicus curiae brief.The plaintiffs in the case are an anonymous individual referred to as "Noah Doe" and two shell companies, who are seeking to claim ownership of these wallets under the New York State Abandoned Property Law. Attorney Ian R. Cohen submitted an amicus curiae brief opposing the plaintiffs' claims. He argues that the Abandoned Property Law is intended for tangible items, whereas blockchain addresses are always visible to the world; if the original owner was unable to withdraw assets due to a security breach, this constitutes a passive loss of access rather than a voluntary abandonment. (The Block)
According to Drift’s official announcement, the Drift Protocol released its latest recovery update on June 3, 2026. An independent forensic investigation conducted by cybersecurity firm Mandiant has confirmed that the prior attack against Drift was carried out by the North Korean threat group UNC6862, whose tactics closely align with those historically employed by North Korean state-sponsored hacking operations. On the rebuilding front, Drift announced the appointment of Noah Prince—former Engineering Lead of the Helium Protocol—as Protocol Lead, who will spearhead codebase hardening and platform security architecture redesign. Additionally, former members of the Gauntlet team have been brought on board to conduct margin engine reviews, optimize funding rates and market parameters, enhance liquidation mechanisms, and implement continuous risk monitoring. Drift plans to relaunch with “security-first” as its core principle, repositioning itself as Solana’s largest USDT-perpetuals exchange. With support from strategic partners including Tether, Drift will establish a dedicated recovery pool funded by platform revenues to compensate users for losses. Further details regarding the recovery mechanism and timeline will be disclosed progressively.