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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 previousā€¦
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 designeā€¦
April 16, 2026, 1 p.m.
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 Revamp Protocol
Following a recent high-profile exploit linked to North Korea, 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. The package, which includes up to $127.5 million from Tether and $20 million from other partners, is structured to support the recovery of userā€¦
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 combinatiā€¦
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Switch to USDT
Following a significant exploit, Drift Protocol has announced plans to relaunch with Tether's USDT as its settlement layer, backed by a substantial funding package of up to $147.5 million from Tether and its partners. This deal is structured to facilitate user recovery and reboot the platform as a USDT-based perpetual futures exchange on Solana. The package combines a revenue-linked credit faciliā€¦
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 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 platforā€¦
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-baseā€¦
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, Drift Protocol has announced plans to relaunch with Tether's USDT as its settlement layer, backed by a proposed funding package of up to $147.5 million from Tether and its partners. The funding package, which includes a revenue-linked credit facility, ecosystem grants, and loans to market makers, aims to support user recovery and reboot the platform as a USDT-baseā€¦
April 16, 2026, 1 p.m.