Drift Foundation has started distributing DFX recovery tokens to users affected by the April 1, 2026, security breach that drained $295.4 million from its Solana-based protocol. Victims can claim one DFX token per dollar of verified loss until January 1, 2028, with unclaimed tokens to be burned after that date. The recovery pool currently holds $3.8 million, with anticipated additional support from Tether, partners, frozen assets, exchange revenue, and bounty programs. The success of the recovery depends on these sources and ongoing revenue after the protocol's relaunch, while separating DFX from governance tokens aims to keep claims straightforward and avoid speculation.
USDT (Tether) plays a key role in Drift's recovery efforts, with the token priced at Rp17,952 on Pluang as of Oct 01, 2026, 21:02 WIB. The stablecoin shows a 0.43% gain in the last day, with a market cap of Rp3.304,23 trillion and a 24-hour trading volume of Rp1.397,12 trillion. On Pluang, selling activity dominates at 72%, while typical hold time is 89 days, highlighting active trading amid the recovery process.
Tether's excess reserves fell sharply by $4.12 billion, or 50.1%, to $4.11 billion in the second quarter, narrowing the buffer above its liabilities. Total assets stood at about $187.75 billion, with liabilities around $183.64 billion as of June 30. ...
After a $285 million hack on Drift Protocol linked to North Korean hackers in April 2026, Solana's DeFi total value locked (TVL) has recovered to over $6.5 billion, a 38% rise in two months. This recovery was driven by a $127.5 million recovery fund ...
Taiwan-based digital asset exchange MAX, operated by MaiCoin, will support Tether's USDT on the Aptos blockchain starting September 28 for deposits and withdrawals, with trading for HYPE, GRAM, Aptos (APT), and Render (RENDER) beginning September 30....
Taiwan's largest digital asset exchange, MAX, has integrated native Tether USDT on the Aptos blockchain, enabling direct TWD deposits and withdrawals without wrapped tokens or cross-chain bridges. This update allows local traders to buy and sell USDT...
Federal prosecutors in Massachusetts filed a civil forfeiture case to seize about 110,270 USDT linked to a $900,000 Bitcoin theft from a Massachusetts family trust. The theft occurred after fraudulent texts tricked a trust beneficiary into revealing ...
