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Drift

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3

briefs

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A giant rescue buoy reaches a damaged futuristic trading vessel in a dark digital sea, surrounded by rebuilding circuitry and crystalline structures.
Solana·Stablecoins

Tether Backs Drift Recovery With $127.5M

Tether pledged up to $127.5M to recapitalize Drift after its April 1 exploit, anchoring the exchange's recovery plan and shifting settlement to USDT.

SOUSUS
TETessa LarkinApr 24 11:01
Paolo Ardoino looms over a rebuilt damaged trading machine, shielding it as cables and vault imagery suggest Tether-funded crypto recovery.
Solana·DeFi

Tether Backs Drift With $127.5M Recovery Plan

Tether will fund up to $127.5M of Drift's $150M recovery plan after April's $270M exploit, with user repayments tied to the DEX relaunch and trading.

SOUSUS
TETessa LarkinApr 24 05:01
A skidding race car battles a mechanical octopus beside a tracking hound in a shattered vault, all in stark grayscale.
Governance·DeFi

Drift's $285M Exploit Reshapes DeFi Security

Drift's $285M exploit exposed a control-layer takeover, shifting DeFi security concerns from code bugs to signer, admin, and governance risks.

General News
CACallum HargreavesApr 6 03:33
Two menacing mechanical sea-creatures breach a shattered crypto vault amid broken network structures in a dark grayscale cyberattack scene.
Solana·DeFi

Drift Protocol Exploit Took Months to Prepare

Drift says its $280M Solana exploit was a months-long, coordinated operation, likely tied to actors behind the $58M Radiant Capital hack.

BTSO
RORowan K. DelgadoApr 5 07:51
A shadowy phantom hoards crystalline crypto wealth beside a fractured bridge, with broken locks and a whale-like menace in grayscale darkness.
Ethereum·DeFi

Drift Exploiter Swaps $270M, Buys $82.7M in ETH

Drift exploit suspect swaps $270M in stolen assets, bridges funds to Ethereum, and buys $82.7M in ETH as Drift warns users funds remain at risk.

ETSOUSDR
DEDerek HollowayApr 1 20:02