Dossier
Exploit (April 1)
Coverage of Exploit (April 1) in the Nexus archive.
- Drift Protocol Announces Major Recovery and Relaunch Initiative.
Drift Protocol has partnered with Tether and other partners to commit up to $147.5 million for user recovery and protocol relaunch after the April 1 exploit. The initiative includes a $100 million revenue-linked credit facility, ecosystem grants, and a new transferable recovery token, with the relaunch focused on USDT settlement and enhanced security measures.