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Tether challenges USDC Solana hegemony with $127.5M Drift bailout

Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack.

Inside the $280M Drift hack: weeks of setup, minutes to drain

Drift Protocol was hacked for roughly $280M yesterday after a likely social engineering scheme breached its multisig approvals.

Liquity’s April Fools’ bit that joked it was being bought by the stablecoin giant Circle led to allegations of “market manipulation.”

Newsletter

This week saw a near-miss for DeFi lender HypurrFi and recovered funds for Makina, while Circle and Certik don’t make the best impression.

Of a total of $17 million stolen from victim addresses, $3 million in USDC is yet to be frozen by issuer Circle.