29 stories tagged #Drift Protocol

  1. Tether Freezes $344 Million Amid US Law Enforcement Probe
    crypto

    Tether Freezes $344 Million Amid US Law Enforcement Probe

    Tether, the largest stablecoin issuer, has frozen over $344 million in USDT at the request of US law enforcement, sparking debate over stablecoin control and industry regulation.

    last mo. 1 min read
  2. North Korea’s Lazarus Group Linked to $577M in Crypto Hacks This Month
    crypto

    North Korea’s Lazarus Group Linked to $577M in Crypto Hacks This Month

    Lazarus Group, linked to $577 million in crypto exploits this April, raises concerns about state-backed attacks on DeFi protocols.

    last mo. 1 min read
  3. Tether Surges Ahead of USDC Amid Major Crypto Hacks
    crypto

    Tether Surges Ahead of USDC Amid Major Crypto Hacks

    Tether's USDT market cap is growing faster than Circle's USDC following recent DeFi exploits, indicating a potential shift in stablecoin dominance.

    last mo. 2 min read
  4. Circle Faces Lawsuit Over $285M Drift Protocol Hack
    crypto

    Circle Faces Lawsuit Over $285M Drift Protocol Hack

    Stablecoin issuer Circle is entangled in a class action lawsuit following the massive $285 million exploit of the Drift Protocol.

    last mo. 1 min read
  5. Circle CEO Defends USDC Freeze Policy Amid Criticism
    crypto

    Circle CEO Defends USDC Freeze Policy Amid Criticism

    Circle CEO Jeremy Allaire clarifies USDC freeze policy, emphasizing legal basis for action and rejecting ad hoc intervention following the Drift Protocol exploit.

    last mo. 1 min read
  6. Circle Stock Plummets 10% Following Analyst Downgrade and Protocol Probe
    finance

    Circle Stock Plummets 10% Following Analyst Downgrade and Protocol Probe

    Circle's stock faces significant decline after a 'sell' rating from Compass Point and renewed scrutiny linked to the Drift Protocol exploit.

    last mo. 1 min read
  7. Solana Exchange Stabble Warns Users Amid North Korean Hacker Allegations
    crypto

    Solana Exchange Stabble Warns Users Amid North Korean Hacker Allegations

    Stabble urges users to withdraw liquidity after former CTO linked to North Korean hacker. TVL plummets 62% following alert.

    2mo ago 1 min read
  8. Solana Foundation Launches Security Program After $285M Drift Hack
    crypto

    Solana Foundation Launches Security Program After $285M Drift Hack

    STRIDE program offers 24/7 monitoring and formal verification for major DeFi protocols following massive exploit linked to North Korean hackers.

    2mo ago 1 min read