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Drift Protocol has announced a detailed recovery plan for users affected by a $295 million exploit, involving tokenized claims and a phased reimbursement pool.
Solana-based yield protocol Carrot is ceasing operations after its total value locked fell from $28 million to $2 million due to indirect losses from the $285 million Drift Protocol exploit.
Tether committed up to $127.5 million to a recovery plan for the hacked Solana DEX Drift, which will now adopt USDT as its primary stablecoin over rival USDC.
Tether and other partners have committed to a recovery fund for users of the Drift Protocol following a $295 million exploit.
Drift Protocol (DRIFT) current price is $0.034418, down 4.16% today.
Drift Protocol (DRIFT) daily trading volume is $2.8M
Drift Protocol (DRIFT) current market cap is $21.0M
Drift Protocol (DRIFT) current circulating supply is 611.5M
Drift Protocol (DRIFT) fully diluted market cap (FDV) is $34.4M
Drift Protocol (DRIFT) is founded by David Lu
