Tether and Solana Foundation Rescue Drift Protocol with $150M Credit Line and $20M Grant

Drift Protocol got hit with a $280-285M exploit on April 1, 2026 — largely tied to a sophisticated social engineering attack that compromised multisigs, with North Korean hackers allegedly involved. A big chunk ($232M) moved through USDC via Circle’s Cross-Chain Transfer Protocol (CCTP). Circle faced heavy criticism for not freezing the stolen funds quickly, citing

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