Tether announces $150M recovery program for Drift Protocol

Tether announces $150M recovery program for Drift Protocol

3.96%TRX$0.3256 0.48%LINK$9.45 2.91%ADA$0.2535 4.33%BCH$441.50 1.37%XRP$1.43 4.04%ETH$2,340 0.41%BTC$74,745 1.25%XMR$345 0.00%BNB$625.30 1.02%XLM$0.1649 5.40%SOL$86.75 3.21%HYPE$44.76 0.52%USD Written by Vince Quill,Staff WriterReviewed by Robert Lakin,Staff EditorTether announces $150M recovery program for Drift Protocol40 minutes agoThe Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April. Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April. The recovery plan for the $280 million Drift Protocol exploit includes $127.5 million from Tether, with the rest coming from undisclosed partners, according to Tether’s announcement. Tether said: The Drift Protocol p

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