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Tether Leads $150M Drift Protocol Rescue Plan After Hack

· CryptoDnes

Tether Leads $150M Drift Protocol Rescue Plan After Hack

Tether has pledged $127.5 million as part of a $150 million rescue plan for the Drift Protocol following a recent hack. This initiative aims to restore confidence in Solana's DeFi ecosystem and support affected users. The plan includes the introduction of new debt tokens to facilitate recovery efforts.

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Tether Leads $150M Drift Protocol Rescue Plan After Hack — Chainshorts | Chainshorts