Drift Foundation has launched claims for DFX tokens to compensate users who lost over $290 million in an April 1 hack. Each lost USDT entitles the user to one DFX token, initially redeemable at about one cent per dollar lost. The recovery pool, starting with 3.1 million USDT, grows daily from the rebuilt exchange's revenue and external commitments, aiming to fully reimburse victims. Claims must be made by January 1, 2028, after which unclaimed tokens will be burned, and users can trade or hold their DFX tokens.
Tether USDT maintains a substantial market cap of Rp3.293,85 trillion and a 24-hour trading volume of Rp1.541,25 trillion on Pluang as of Oct 02, 2026, 16:52 WIB. Despite a slight 0.50% price dip in the last day, USDT remains a key stablecoin for transactions and settlements, relevant to the Drift Foundation's DFX token recovery plan for users affected by the April hack. The platform shows a balanced order activity with 59% buys and 41% sells, reflecting ongoing user engagement with USDT amid the recovery efforts.
Tether's USDT, the largest stablecoin by market cap, is returning to the Bitcoin network this month through Utexo, a Tether-backed project. Utexo will enable private USDT transfers, direct swaps between Bitcoin and USDT, and loans backed by Bitcoin, ...
Thailand's Bitkub exchange now supports Tether's USDT on the Aptos network, enabling users to deposit and withdraw USDT with fees around $0.0005 and near-instant transaction finality. This upgrade offers significant cost savings and efficiency compar...
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 Januar...
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 ...
