The post Tether Commits $127.5M to Help Drift Users Recover After Exploit appeared first on Coinpedia Fintech News Tether is partnering with Drift Protocol andThe post Tether Commits $127.5M to Help Drift Users Recover After Exploit appeared first on Coinpedia Fintech News Tether is partnering with Drift Protocol and
Tether Commits $127.5M to Help Drift Users Recover After Exploit
For feedback or concerns regarding this content, please contact us at [email protected]
The post Tether Commits $127.5M to Help Drift Users Recover After Exploit appeared first on Coinpedia Fintech News
Tether is partnering with Drift Protocol and other backers to help users recover funds after the April 1 exploit, which resulted in about $285 million in losses. The support package includes up to $127.5 million from Tether and an additional $20 million from partners. It also features a $100 million revenue-linked credit line, ecosystem grants, and market maker loans. A recovery pool funded by exchange revenue and support capital will aim to cover nearly $295 million in user losses and restore impacted balances.
Market Opportunity
Drift Protocol Price(DRIFT)
$0.04754
$0.04754$0.04754
USD
Drift Protocol (DRIFT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
USD/ZAR Analysis: Vulnerable as Shifting Risk and Soaring Gold Propel the Rand – Societe Generale Charts
BitcoinWorld USD/ZAR Analysis: Vulnerable as Shifting Risk and Soaring Gold Propel the Rand – Societe Generale Charts LONDON, March 2025 – The USD/ZAR currency
Share
bitcoinworld2026/04/16 22:35
Wolfe Research Highlights Meta (META), Uber (UBER), DoorDash (DASH), and Shopify (SHOP) as Prime Internet Stock Opportunities
Wolfe Research identifies Meta, Uber, DoorDash, and Shopify as leading internet stock opportunities for 2026 amid attractive valuations and growth potential. The
Share
Blockonomi2026/04/16 23:10
Which New Crypto Leads as BTC Hits $74,438 and ETH Reaches $2,400
BTC just rallied 5.15% to $74,438 and ETH jumped 8.80% toward $2,400 on April 14, expanding the total crypto market cap 4.53% to $2.52 trillion in one session. $
Share
Techbullion2026/04/16 23:10
