Tether Steps In With $150M Support Plan After Drift Protocol Loses $285M in Exploit

Tether announced a recovery plan of up to $150 million to help Drift Protocol users recoup losses from an April 1 exploit that drained approximately $285 million from the Solana-based trading platform. Key Takeaways: Tether committed up to $127.5 million toward Drift Protocol’s recovery plan following the April 1, 2026 exploit. The $150 million recovery […]