POPA ReconTether Backs $150M Drift Recovery Plan After $285M Exploit
Tether Backs $150M Drift Recovery Plan After $285M Exploit Tether has partnered with Drift Protocol to support a structured recovery following the platform’s April 1 exploit, which resulted in ~$285M in user losses. The initiative includes up to $150M in total backing, with Tether contributing up to $127.5M. The recovery model is performance-based, linking user reimbursements to Drift’s trading activity post-relaunch. As the platform resumes operations, generated revenue will be used to gradually restore user balances while maintaining operational sustainability. As part of the relaunch, Dr…
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