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Finance
Drift Secures $148 Million in Funding from Tether and Partners Following Major Security Breach
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April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
Following a significant exploit that resulted in the loss of over $270 million in client assets, Drift Protocol has announced plans to relaunch with Tether's USDT as its primary settlement layer, backed by a substantial funding package of up to $147.5 million from Tether and its partners. This deal comprises $127.5 million from Tether and $20 million from other partners, structured as a combinati…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
Following a significant exploit linked to a North Korean group, Drift Protocol has announced plans to relaunch with Tether's USDT as its settlement layer, thanks to a proposed funding package of up to $147.5 million from Tether and its partners. The deal comprises $127.5 million from Tether and $20 million from other partners, aiming to support user recovery and reboot the platform as a USDT-base…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Massive Exploit
Following a significant exploit that resulted in the loss of over $270 million in client assets, Drift Protocol has announced plans to relaunch with Tether's USDT as its new settlement layer, thanks to a proposed funding package of up to $147.5 million from Tether and its partners. The funding package, which includes up to $127.5 million from Tether and $20 million from other partners, is designe…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million Investment from Tether and Partners Following Stablecoin Switch
None
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
Following a significant exploit that resulted in the loss of over $270 million in client assets, Drift Protocol has announced a proposed funding package of up to $147.5 million from Tether and its partners. This package, which includes up to $127.5 million from Tether and $20 million from other partners, aims to support user recovery and reboot the platform as a USDT-based perpetual futures excha…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Relaunch with USDT
In the aftermath of a recent exploit by a North Korean group, Drift Protocol has announced plans to relaunch with Tether's USDT as its primary settlement layer, following the securing of a substantial funding package. The proposed funding, totaling up to $147.5 million, is comprised of contributions from Tether and other partners, with the aim of supporting user recovery and rebooting the platfor…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Transition to USDT
In the aftermath of a significant exploit that resulted in over $270 million in client asset losses, Drift Protocol has announced a substantial funding package of up to $147.5 million from Tether and its partners. This investment will facilitate the recovery of user funds and enable the platform to relaunch as a USDT-based perpetual futures exchange on Solana, transitioning away from its previous…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Massive Exploit and Relaunch with USDT
Following a significant exploit linked to North Korea, Drift Protocol is set to relaunch with Tether's USDT as its settlement layer after securing a substantial funding package of up to $147.5 million from Tether and its partners. The funding package, which includes $127.5 million from Tether and $20 million from other partners, is designed to support user recovery and reboot the platform. Previo…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
Following a substantial exploit linked to a North Korean group, Drift Protocol has announced plans to relaunch its platform using Tether's USDT as its primary settlement layer, thanks to a funding package of up to $147.5 million from Tether and its partners. The package, which includes $127.5 million from Tether and $20 million from other partners, is designed to support the recovery of user fund…
April 16, 2026, 1 p.m.