{"id":584611,"date":"2026-04-16T16:54:09","date_gmt":"2026-04-16T16:54:09","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/04\/16\/tether-announces-150m-recovery-program-for-drift-protocol\/"},"modified":"2026-04-16T16:54:09","modified_gmt":"2026-04-16T16:54:09","slug":"tether-announces-150m-recovery-program-for-drift-protocol","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/16\/tether-announces-150m-recovery-program-for-drift-protocol\/","title":{"rendered":"Tether announces $150M recovery program for Drift Protocol"},"content":{"rendered":"

\"Tether<\/p>\n

The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.<\/p>\n

Stablecoin issuer Tether, the company behind USDt (USDT<\/a>), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April.<\/p>\n

The recovery plan for the $280 million Drift Protocol exploit<\/a> includes $127.5 million from Tether, with the rest coming from undisclosed partners, according to Tether\u2019s announcement<\/a>. Tether said:<\/p>\n

The Drift Protocol platform will \u201ccontribute directly\u201d to the ongoing recovery of user funds as the platform resumes normal trading activity.\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April. Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April. […]<\/p>\n","protected":false},"author":1,"featured_media":584613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-584611","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/584611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=584611"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/584611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/584613"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=584611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=584611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=584611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}