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

· NewsBTC

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

Solana-based Drift Protocol announced a $150M recovery fund after losing $285M in an April 1 exploit. The project, collaborating with Tether, will issue a new recovery token and strengthen security through audits. The fund includes a $100M credit line, grants, and loans to support impacted users and relaunch the DEX.

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