Drift Protocol is relaunching with a Tether-funded recovery pool of roughly $150 million for users hit by the April 1 exploit, and USDT will sit at the center of the rebuilt perp DEX.

Read the full article: https://www.spendnode.io/blog/drift-protocol-tether-150-million-recovery-pool-usdt-relaunch-april-2026/

Drift Protocol is relaunching with a Tether-funded recovery pool of roughly $150 million for users hit by the April 1 exploit, and USDT will sit at the center of the rebuilt perp DEX. Read the full article: https://www.spendnode.io/blog/drift-protocol-tether-150-million-recovery-pool-usdt-relaunch-april-2026/

Drift Protocol Gets $150M From Tether to Pay Back Exploit Victims and Relaunch on USDT

Listen to the SpendNode podcast for narrated crypto audio news and analysis on policy, stablecoins, payments, market structure, and crypto cards.

Share Drift Protocol Gets $150M From Tether to Pay Back Exploit Victims and Relaunch on USDT

Sign up to save your podcasts

Drift Protocol Gets $150M From Tether to Pay Back Exploit Victims and Relaunch on USDT

Drift Protocol Gets $150M From Tether to Pay Back Exploit Victims and Relaunch on USDT