Tether extends $127.5 million in funding to crypto platform Drift as critics blast rival Circle for failing to freeze hacked funds

The move brought Tether goodwill among users of the Solana blockchain.
RACER

Formula DRIFT reveals radical venue changes in its 2026 competition schedule

The 2025 Formula DRIFT season was undoubtedly the most successful in its 22-year history. The series saw records shattered ...
RACER

Formula DRIFT announces major competition format changes in partnership with Race Data Labs

Formula DRIFT is constantly reviewing its competition format to improve the experience of teams and fans alike. Following the ...
Blockonomi

Drift Protocol Secures $147.5 Million Recovery Package After April 1 Exploit

Drift Protocol secures $147.5M from Tether and partners to recover $295M in user losses after the April 1 exploit via a ...
Crypto Briefing

Drift Protocol secures nearly $150M in recovery funding from Tether and partners as it drops USDC for USDT

Tether commits $127.5M for user recovery after Drift Protocol's $285M exploit, aiding in Solana's DeFi ecosystem recovery.

Drift Protocol jumps 20% as Tether backs $127.5M recovery plan

Buy DRIFT spot. Tether’s $127.5M recovery funding plus $20M partners directly de-risks relaunch execution and user repayment, ...

Tether throws $128m lifeline to hacked Drift. But the USDT issuer wants something in return

Tether will donate money to Drift Protocol after the exchange was hacked. But the $127.5 million deal means Drift will make ...
Seeking Alpha

SPXU: Drifting In The Right Direction For Now

ProShares UltraPro Short S&P 500 ETF (SPXU) is designed to short the stock market for trading or hedging purposes. SPXU’s assets under management (“AUM”) of $549M and average daily dollar trading ...