Elemental Resumes Operations After Drift Attack Incident

Elemental, a decentralized finance (DeFi) protocol, has announced the resumption of normal operations following the Drift attack incident. The platform has confirmed that the markdown data for affected vaults are now final.

The SOL 1 and 2 vaults faced an 87.51% markdown, while the USDC Lend vault was marked down by 62.10%. After completing the markdown process, all affected vaults have returned to normal, allowing users to unstake, withdraw, or deposit funds.

In addition to resuming operations, Elemental has merged its Beta environment into the main platform and launched a 'History' tab. This new feature provides full transparency of account activities, giving users greater visibility into their transactions.