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Drift secures up to $127 million from Tether for user recovery, pivots from Circle’s USDC to USDT after $280 million exploit

4/16/2026, 1:30:48 PM
LolaBy Lola
Drift secures up to $127 million from Tether for user recovery, pivots from Circle’s USDC to USDT after $280 million exploit

Drift Protocol said it has secured up to $127.5 million from Tether to support user recovery after the April 1 exploit.