Tag Archives: Drift

Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

Posted on by — No Comments ↓

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on the Solana… Continue reading Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab→

Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim

Posted on by — No Comments ↓

Circle (CRCL), the issuer behind the USDC stablecoin, is facing a fresh lawsuit in Massachusetts tied to the $280 million Drift Protocol hack that occurred on April 1.  The complaint, filed by plaintiffs represented by the law firm Gibbs Mura, alleges that Circle did not take action to freeze stolen funds even though it had… Continue reading Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim→