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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 to Recover from Exploit
Following a recent exploit by a North Korean group, 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 $127.5 million from Tether and $20 million from other partners, aims to support user recovery and reboot the platform as a USDT-based perpetu…
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, Replacing USDC with USDT After Major Exploit
Following a recent exploit, Drift Protocol has announced plans to relaunch using 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 $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 exchange on …
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners Amidst Stablecoin Shift
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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
In the wake of a substantial exploit linked to a North Korean group, Drift Protocol has announced plans to relaunch with Tether's USDT as its settlement layer, following the securing of a funding package worth 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 the recovery of u…
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 devastating North Korean-led exploit, Drift Protocol is set to relaunch with USDT as its primary settlement layer, thanks to a substantial funding package of up to $147.5 million from Tether and other partners. The deal comprises $127.5 million from Tether and $20 million from additional partners, aimed at facilitating user recovery and rebooting the platform as a USDT-based…
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, 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, is designed to facilitate user recovery and reboot the platform as a USDT-based p…
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. This move comes after securing 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 fro…
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 funding package of up to $147.5 million from Tether and partners. The package, which includes a $127.5 million contribution from Tether and $20 million from other partners, is designed to support user recovery and reboot the platform as a USDT-based …
April 16, 2026, 1 p.m.