Drift Protocol Relaunches After $285M Exploit with Tether's Support
ID: 53423cc6-973b-5feb-bc1d-105a8ada9be0
STIX ID: report--53423cc6-973b-5feb-bc1d-105a8ada9be0
Feed Name: ThreatCluster
Threat Score
On April 1, 2026, Drift Protocol suffered an approximate $285M exploit attributed to a North Korea-linked actor; Tether pledged up to $127.5M to help restore user balances and the protocol will relaunch using USDT instead of USDC while implementing independent audits, enhanced security controls, and a community-governed multisig to manage assets.
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