Tether challenges USDC Solana hegemony with $127.5M Drift bailout
About this episode
Tether has pledged financial support to Drift following a significant hack.
Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack.
Topics covered
- Tether
- Drift
- USDC
- Solana
- cryptocurrency
- hack recovery
Keywords
- Tether
- Drift
- USDC
- Solana
- hack
- cryptocurrency
- bailout
Mentioned in this episode
Organizations: Tether, Drift, USDC
Places: Solana
More episodes of Informed Crypto News
- Litecoin had to eat its own insults about Solana’s downtime
- Crypto exchanges too slow to react to RAVE collapse, ZachXBT
- DeFi sector in $14B meltdown as $290M rsETH hack fallout burns Aave
- Vercel breach leaves DeFi frontends dangling on a $2M ransom
- Strategy’s bitcoin bet back in profit after $11B drawdown
- Rumble begins merging with Northern Data
Explore listener stats, chart rankings, contacts and more on the Informed Crypto News podcast page.