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Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Transition to USDT
In the aftermath of a significant exploit that resulted in over $270 million in client asset losses, Drift Protocol has announced a substantial funding package of up to $147.5 million from Tether and its 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, transitioning away from its previous…
April 16, 2026, 1 p.m.
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 user assets, Drift Protocol has announced plans to relaunch 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 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 Following Major Security Breach
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April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Exploit and Transition to USDT
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 funding package, which includes $127.5 million from Tether and $20 million from other partners, is structured to support the recovery of user funds an…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding to Recover from Massive Exploit and Relaunch with USDT
Following a significant exploit linked to North Korea, Drift Protocol is set to relaunch with Tether's USDT as its settlement layer after securing a substantial funding package of up to $147.5 million from Tether and its partners. The funding package, which includes $127.5 million from Tether and $20 million from other partners, is designed 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 that resulted in the loss of over $270 million in client assets, Drift Protocol has announced a proposed funding package of up to $147.5 million from Tether and its 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 settlem…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners to Recover from Massive 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, aims t…
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners Amidst Stablecoin Shift
None
April 16, 2026, 1 p.m.
Finance
Drift Secures $148 Million in Funding from Tether and Partners Following Major Security Breach
None
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.