Tether has proposed contributing up to $127.5 million to support Drift Protocol’s recovery after a $286 million exploit on April 1 drained funds from the Solana-based platform. Combined with $20 million from other partners, nearly $150 million will be used to create a loss recovery pool for affected users. Drift plans to relaunch using Tether’s USDT instead of USDC and will issue recovery tokens representing claims on the pool. Enhanced security measures and collaboration with law enforcement are underway to recover stolen assets and prevent future breaches.
Tether's USDT maintains a strong market presence with a market cap of Rp3.288,76 trillion and a 24-hour trading volume of Rp1.471,86 trillion on Pluang as of September 25, 2026, 00:22 WIB. The token's price is Rp17.880, showing a modest 0.45% increase over the past day. Despite the recent exploit on Drift Protocol, USDT remains actively traded, with 73% of order activity as sell and a typical hold time of 88 days on the platform.
TRON has solidified its position as the primary network for Tether's USDT stablecoin, processing $19.4 billion in transfers over 24 hours and capturing about 73% of total stablecoin transfer volume in Q3 2026. The network benefits from low fees, high...
A suspected theft of over $106 million from an EU-based entity involved stealing USDC and USDT stablecoins from multiple centralized exchanges. The attacker laundered the funds by converting them into Ethereum, then Monero, and used multiple blockcha...
Tron's stablecoin market cap grew by $256.5 million in the week ending November 3, 2026, the largest increase among tracked blockchains. This growth is almost entirely due to Tether's USDT, which makes up about 97.9% of Tron's stablecoin supply, hitt...
The hacker behind the $46 million Mercado Bitcoin breach transferred about $8 million in Ethereum to new wallets on November 3, shortly after the attack. Despite these moves, no deposits into the privacy tool Tornado Cash have been confirmed, which c...
Tether CEO Paolo Ardoino revealed the company holds nearly 150,000 Bitcoin, valued at $8.37 billion as of September 30, 2026, as part of its long-term investment strategy. The company reported $132.4 billion in U.S. Treasury bill exposure and $7.95 b...
