Drift says insurance fund untouched after attack, withdrawals to resume
Drift Protocol said its insurance fund was not affected by the recent attack and that users who staked into the fund will be able to...
Tag : Drift
Pi Network consolidates around $0.18 as market weighs long-term narrative against near-term drift
Summary Pi Network (PI) is trading around $0.18 today, with most major trackers clustering the live price near the 0.178–0.180 dollar range and 24‑hour volume around $25–35...
How Solana Exchange Drift Plans to Repay Users After $295 Million Crypto Hack
In brief Solana-based Drift Protocol was hacked on April 1, with $295 million in user funds drained by attackers linked to North Korea. Drift Protocol...
DeFi protocol Carrot becomes first casualty of $285M Drift exploit
Solana-based decentralized finance yield protocol Carrot said Thursday that it is shutting down permanently, becoming one of the first DeFi protocols to fall due to...
Drift Taps Tether for $148 Million Recovery Plan, Ditches Circle's USDC Following DeFi Exploit
In brief Drift Protocol is working with Tether on establishing a recovery pool for victims that lost $295 million to an exploit this month. Drift...
Circle Hit With Class Action Lawsuit Over $285M Drift Protocol Hack
In brief Stablecoin issuer Circle is facing a class action lawsuit from Drift Protocol investors who lost money in a recent $280 million exploit of...
At least a dozen crypto entities attacked since Drift Protocol hack
At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on April...
Circle faces lawsuit as $230M in stolen USDC moved across chains after Drift breach
A new class action lawsuit has put Circle under legal scrutiny over its response to the movement of stolen USDC following the Drift Protocol hack....