1. Drift Protocol Secures $150M Tether-Led Bailout After $285M Hack, Plans Relaunch
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...