finextra.com·Apr 17, 2026
Drift, a DeFi platform that recently lost $270 million to a North Korean hack, has raised $147.5 million from Tether and partners to recover user funds and relaunch using the Tether stablecoin.
For someone tracking fintech and DeFi, the key insight here is that despite substantial losses from a security breach, Drift has demonstrated resilience by securing significant funding from Tether and partners. This underscores the importance of strategic alliances with stablecoin providers like Tether for DeFi platforms aiming to rebuild trust and stability post-crisis, potentially guiding your own strategies in aligning with robust partners for risk management and recovery.