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Drift Protocol secures $127,500,000 from Tether after hack
Drift Protocol is receiving $127,500,000 from Tether to restore user funds after the hack.
Another $20,000,000 in support will come from other partners.
For the market, this is a rare case where the response to a hack is not just an investigation, but an actual attempt to fill the hole with serious capital. If the plan works, Drift could not only retain users but also show how DeFi projects try to rebuild trust after a crisis.
$SOL
{spot}(SOLUSDT)
$DRIFT
{future}(DRIFTUSDT)