Velocity Co-founder Cindy Resigns as Exchange Relaunches Following Security Overhaul

Cindy, co-founder of Velocity (formerly Drift Protocol), has announced her resignation, leaving the platform to be managed by the existing team. The Solana-based perpetual futures exchange, which has processed over $150 billion in cumulative volume since its November 2021 launch, was hit by a North Korean-linked hack in April. Following the incident, the team collaborated with Tether to recover user assets and has since completed a full security audit and open-source transition. The platform officially relaunched today with plans to continue asset recovery and technical development.