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Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Transition to USDT
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 substantial 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 recover…
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 North Korean-led exploit, Drift Protocol has announced plans to relaunch with Tether's USDT as its new settlement layer, following a substantial 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 designed to facilitate user recovery and …
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
Following a recent exploit that resulted in the loss of over $270 million, Drift Protocol has announced plans to relaunch with Tether's USDT as its settlement layer, after securing a funding package of up to $147.5 million from Tether and its partners. The package, which includes a revenue-linked credit facility, ecosystem grants, and loans to market makers, aims to support user recovery and rebo…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Massive Exploit and Transition to USDT
In the aftermath of a recent exploit orchestrated 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 worth up to $147.5 million from Tether and its partners. The package, comprising $127.5 million from Tether and $20 million from other partners, is structured to facilit…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Transition to USDT
In a significant development, Drift Protocol, which recently fell victim to a major exploit linked to North Korea, has announced plans to relaunch with Tether's USDT as its primary settlement layer. This move follows the securing of a substantial funding package worth up to $147.5 million from Tether and its partners. The funding is structured to facilitate user recovery from the exploit, which r…
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 using Tether's USDT as its primary settlement layer, thanks to a substantial funding package of up to $147.5 million from Tether and its partners. This package, which includes $127.5 million from Tether and $20 million from other partners, is designed to support the recovery of user funds and reboot the platform as a …
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.
Finance
Drift Secures $148 Million in Funding to Recover from Recent Exploit and Transition to USDT
Drift Protocol, a victim of a recent North Korean cyber attack, has announced plans to relaunch with Tether's USDT as its primary settlement layer after securing a substantial funding package of up to $147.5 million from Tether and its partners. The deal, which includes $127.5 million from Tether and $20 million from other partners, aims to support user recovery and reboot the platform as a USDT-…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
In the aftermath of a devastating North Korean-led exploit, Drift Protocol has announced plans to relaunch with Tether's USDT as its primary settlement layer, following the securing of a substantial funding package totaling up to $147.5 million from Tether and its partners. This deal, which includes $127.5 million from Tether and $20 million from other partners, is designed to facilitate user rec…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million Investment from Tether and Partners Following Stablecoin Switch
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April 16, 2026, 1 p.m.