MEDIUMVulnerability
Global

Hacked DeFi platform Drift gets funds to repay customers and relaunch with Tether

·Source: Finextra

Updated:

Executive Summary

Drift, the DeFi platform that lost around $270 million in clients assets to a North Korean hack earlier this month, has secured $147.5 million in funding from Tether and partners to recover user funds and relaunch with the Tether stablecoin at its centre.

Analysis

Drift, the DeFi platform that lost around $270 million in clients assets to a North Korean hack earlier this month, has secured $147.5 million in funding from Tether and partners to recover user funds and relaunch with the Tether stablecoin at its centre.
Source Attribution

Originally published by Finextra on Apr 17, 2026.

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