Drift secures up to $127 million from Tether for user recovery, pivots from Circle's USDC to USDT after $280 million exploit
Drift secures up to $127 million from Tether for user recovery, pivots from Circle's USDC to USDT after $280 million exploit
Drift Protocol has secured a proposed recovery package of up to $127.5 million from Tether following its April 1 exploit.The plan includes a revenue-linked credit facility, ecosystem support and liquidity backing tied to USDT markets.
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