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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, 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 des…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Massive Exploit
Drift Protocol, recently victimized by a North Korean exploit, is set to relaunch with USDT as its settlement layer after receiving a funding package of up to $147.5 million from Tether and its partners. The funding, which includes $127.5 million from Tether and $20 million from other partners, is structured to support the recovery of user funds and reboot the platform as a USDT-based perpetual f…
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 to Overhaul Protocol and Compensate Users
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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 by a North Korean group, Drift Protocol is set to relaunch using Tether's USDT as its settlement layer after receiving a proposed funding package of up to $147.5 million from Tether and its partners. The package includes $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 …
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 Investment from Tether and Partners Following Significant Security Breach
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April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million Investment from Tether and Partners Following Major Security Breach
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, Drift Protocol 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 proposed deal comprises $127.5 million from Tether and $20 million from other partners, structured to facilitate user recovery and reboot the platform as a USDT-bas…
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. The package, which includes a $127.5 million contribution from Tether and $20 million from other partners, ai…
April 16, 2026, 1 p.m.