Drift protocol (DRIFT)

Circle sued by class action filed over Drift Protocol $280 Million Hack By Gibbs Mura, A Law Group for not freezing the stolen funds. OAKLAND, CA—On April 14, 2026, Gibbs Mura, A Law Group was the first to file a class action lawsuit on behalf of Drift Protocol investors who lost money in the $280 million April 1st hack, widely considered the largest cryptocurrency exploit of 2026. The lawsuit charges Circle Internet Financial with knowingly permitting the attackers, reportedly tied to North Korea’s government, to offload $230 million of their spoils over the course of several hours by using Circle’s own stablecoin USDC and its blockchain bridge CCTP, instead of freezing the funds. The attorneys at Gibbs Mura and co‑counsel Joshua Joseph Law Firm LLC continue to review potential Drift investor claims against Circle. https://t.co/9unHNKBEsZ

$DRIFT Interesting how it's holding at $0.038. Key level of the chart. https://t.co/dAFk9jXfqD

Drift protocol $DRIFT surges 19% after $150M in support from Tether and other partners for user recovery. This comes just over two weeks after the protocol was exploited for $285M on April 1, the largest crypto hack of 2026. https://t.co/UwIdteX7gd

is this the jump <> wormhole moment for drift?

🚨 Tether steps in after the $285M Drift hack: 1️⃣ $127.5M committed to reimburse users (~45% of stolen funds) 2️⃣ Almost 5x Drift’s current market cap 3️⃣ $DRIFT pumps on the news https://t.co/Xrno3wNnON

Drift Protocol receives up to 127.5 million US-Dollar support from Tether to partially compensate users after the ~285 million US-Dollar exploit. The attack was evidently not a spontaneous action, but a highly professional operation from North Korea that ran for over 6 months. ➟ Multisig releases were bypassed through social engineering and compromised devices. Tether therefore covers ~47% of the losses and shows that large stablecoin players can act as stabilizers in a crisis. To me they appear like an unofficial central bank for crypto that supports in this crisis.

$DRIFT ripping Tether backing up to $127.5M for user recovery That’s why it’s moving Liquidity + trust returning. https://t.co/Fmg7L0NlVd

Drift Protocol released an update on the recovery and restart progress following the April 1 attack, outlining plans to establish a “recovery pool.” It has so far secured a $127.5 million contribution proposed by Tether, along with $20 million from other partners, which includes a $100 million revenue‑linked credit line and ecosystem grants. Drift intends to issue a dedicated “recovery token” (separate from the DRIFT governance token) to affected users, representing a claim on the recovery pool, aimed at gradually addressing the current $295 million in outstanding user losses. When Drift relaunches, it will settle in USDT rather than USDC; Tether will provide market‑making support through designated makers. https://t.co/fYZc1AnS3k