Jupiter: Not affected by the Drift incident, JLP is fully backed by the underlying assets.

2026-04-02 01:05:05

Odaily Planet Daily News: Jupiter stated in a post on the X platform that it was not affected by the Drift incident. Jupiter Lend was not involved in the Drift market, and JLP is entirely supported by underlying assets. Jupiter also said that today is a tough day for Solana DeFi, and it extends condolences to the Drift team and everyone affected.

Odaily Note: JLP is a liquidity derivative token for Jupiter contract trading products; the underlying assets are collectively made up of BTC, ETH, SOL, and stablecoins. Earlier this morning, the derivative products protocol Drift Protocol in the Solana ecosystem suffered a security incident, with losses of at least about $200 million, and some estimates close to $270 million, of which more than half of the stolen assets were JLP.

JUP0.47%

SOL-4.78%

BTC-2.4%

ETH-4.56%

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