Drift secures up to $127 million from Tether for user recovery, pivots from Circle’s USDC to USDT after $280 million exploit

Drift Protocol announced it has secured up to $127.5 million from Tether to aid in user recovery following the April 1 exploit. This funding comes after the protocol experienced a $280 million exploit, leading to a strategic shift from Circle's USDC to Tether's USDT.