By that logic, if a bank gets robbed, it should spread the loss across all customer accounts, even accounts that were never touched.
IF deposits weren’t exploited. Drift said they were intact. The IF exists for trading-related bankruptcies, not protocol exploits.
Socializing losses onto unaffected depositors sets a terrible precedent.
@coinbureau If quantum computers break elliptic curve encryption, it's game over for more than just Ethereum and Bitcoin, every corner of the internet would be vulnerable