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Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Massive Exploit
In the wake of a devastating North Korean-led exploit, 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 investment, comprising $127.5 million from Tether and $20 million from other partners, aims to facilitate user recovery and reboot the platform as…
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, Drift Protocol has announced plans to relaunch with Tether's USDT as its primary settlement layer, thanks to a proposed funding package of up to $147.5 million from Tether and its partners. The agreement comprises up to $127.5 million from Tether and $20 million from other partners, aiming to support user recovery and reboot the platform as a USDT-based perpetual futur…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
In the wake of a devastating North Korean-led exploit, 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 deal comprises $127.5 million from Tether and $20 million from other partners, aiming to facilitate 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 Recent 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 package, which includes a revenue-linked credit facility, ecosystem grants, and loans to market makers, aims to …
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 new settlement layer, backed by a substantial funding package of up to $147.5 million from Tether and its partners. This investment, which includes $127.5 million from Tether and $20 million from other partners, is structured to …
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Transition to USDT
In the wake of a devastating North Korean-led exploit that resulted in over $270 million in losses, Drift Protocol has announced a substantial funding package of up to $147.5 million from Tether and other 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, replacing its previous settlement l…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Revamp as USDT-Based DEX
Drift Protocol, recently victimized by a North Korean exploit, 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 is structured as a combination of a revenue-linked credit facility, ecosystem grants, and loans to market makers, with the primary goal of suppor…
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 settlement layer, thanks to a proposed 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 designed to support…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
In a bid to recover from a recent exploit, Drift Protocol has announced a funding package of up to $147.5 million from Tether and its partners, with the intention of relaunching as a USDT-based perpetual futures exchange on Solana. The funding deal, which includes $127.5 million from Tether and $20 million from other partners, is structured 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 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.