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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 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, thanks to a proposed funding package of up to $147.5 million from Tether and its partners. The deal, which includes up to $127.5 million from Tether and $20 million from other partners, is designed to 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 its platform using 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, and is structured to fa…
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 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 deal comprises up to $127.5 million from Tether and $20 million from other partners, and is structured to support us…
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 theft of over $270 million, Drift Protocol has announced plans to relaunch with Tether's USDT as its primary settlement layer, backed by a $147.5 million funding package 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-ba…
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 includes a revenue-linked credit facility, ecosystem grants, and loans to market makers, with a portion of t…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Exploit
Following a devastating exploit that resulted in the loss of over $270 million in client assets, Drift Protocol has secured a significant funding package of up to $147.5 million from Tether and other partners. This investment will facilitate the recovery of user funds and support the relaunch of the platform as a USDT-based perpetual futures exchange on Solana, replacing Circle's USDC as its sett…
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, 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 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 platfor…
April 16, 2026, 1 p.m.