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Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

17/04/2026 0

Solana-based decentralized exchange (DEX) Drift Pr

Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago.

Drift Protocol reveals recovery plan. Source: Drift on X

SOL’s performance in the one-week chart. Source: SOLUSDT on Tradingview

Featured Image from Unsplash.com, Chart from TradingView.com

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Tags: anticipated, circle, Cryptocurrency Market News, Decentralized, Drift, Drift Protocol, Drift protocol Exploit, Exchange, highly, protocol, recovery, shared, sol, solana, Solana-based DEX, Solanabased, SOLUSDT, Tether, USDC, USDT, User

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