WuTalk has learned that Velocity (formerly Drift) announced that co-founder Cindy Leow has stepped down, and the protocol will continue to be operated by the existing team. Drift launched on Solana in 2021, with a cumulative trading volume exceeding $150 billion. In April this year, Drift suffered an attack attributed to North Korea (DPRK), following approximately six months of social engineering infiltration by the attackers. The team subsequently initiated protocol rebuilding and user asset recovery, securing support from Tether on April 16. In July, Drift rebranded to Velocity, and this month Velocity Beta has opened 5 markets. The team has completed a comprehensive audit by OtterSec, published the audit report and protocol code, and is currently developing a new order flow system. Moving forward, they plan to continue adding features, markets, and collateral assets, with plans to expand from crypto assets to stocks. https://(wublock123.com)/news/velocity-formerly-drift-cofounder-cindy-leow-steps-down-exchange-rebuild-after-hack-69237