Drift Foundation has frozen approximately $9.2 million of stolen funds linked to a major security breach in April that involved about $295 million in user assets. The stolen crypto was moved to Ethereum, with some funds transferred to Tornado Cash, a privacy tool, complicating recovery efforts. Legal action is required to release and return the frozen assets. Drift is collaborating with Bybit on a bounty program to recover stolen funds and is evaluating the future of its DRIFT token amid ongoing investigations by cybersecurity firms.
The story on Drift freezing $9.2 million in stolen funds offers context for cryptocurrency market activity. For readers following crypto broadly, here is Pluang's market snapshot as of Sep 30, 2026 21:02 WIB: Among 50 major cryptocurrencies, 15 rose and 34 fell. EOS gained 8.13% to Rp12,649 with a typical hold time of 87 days, contrasting with AAVE which dropped 6.93% to Rp2,892,510 and saw 97% of orders as sells, held typically for 105 days. ONE fell 7.80% to Rp41, with a longer hold time of 152 days and a sell-biased order activity of 57%.
In 2026, NVIDIA rose 23%, while Micron and SanDisk surged 265% and 609% respectively, driven by strong demand for memory and AI computing. Analysts project further upside in 2027 with price targets of $400 for NVIDIA, $2,000 for Micron, and $3,000 fo...
Hyperliquid (HYPE) saw a sharp price increase of 4.82% within one hour, rising from $84.84 to $88.93 on Binance's HYPE/USDT spot market as of September 30. This gain contributed to a 2.45% rise over the past 24 hours, placing HYPE 11th in market capi...
August's PCE inflation came in lower than expected at 3.40% year-over-year, influenced by a new measurement method and subdued energy prices rather than a fundamental drop in inflation. The BEA's updated methodology reduces reported core PCE by about...
Zhibao Technology Inc. expects its revenue for fiscal year ending June 30, 2026, to grow between 10% and 20% compared to 2025, marking nine consecutive quarters of growth since its IPO. The company also anticipates a significant reduction in net loss...
ChoiceOne Bank officially opened the ChoiceOne Bank Trail in Fenton, part of the Genesee County Legacy Trails network. This trail aims to connect over 200 miles of paths across Flint and Genesee County, linking parks, schools, and other community spo...
