The Vault · 2026-04-02 19:56:54 · Decrypt
A $285 million exploit has struck Drift Protocol, a major decentralized finance platform on the Solana blockchain, delivering a severe blow to user funds and raising urgent questions about systemic security vulnerabilities in the DeFi space. The scale of the loss immediately draws comparisons to some of the most damagi...
The Vault · 2026-04-16 23:22:33 · Decrypt
In a stark rebuke of its former stablecoin partner, the decentralized exchange Drift Protocol has secured a $148 million recovery plan from Tether, explicitly abandoning Circle's USDC in the wake of a major exploit. This move signals a critical fracture in the DeFi ecosystem's trust, directly tied to Circle's perceived...
The Vault · 2026-04-16 23:52:40 · Bloomberg Markets
A $285 million hack wasn't enough to kill Drift Protocol. The decentralized finance platform, drained of user funds in a major exploit earlier this month, is staging a comeback after securing a massive $150 million funding lifeline. The rescue package is led by stablecoin giant Tether Holdings SA, signaling a high-stak...