Key Takeaways
- Tether spearheads a $147.5M rescue initiative for Drift Protocol following a devastating $280M security breach on April 1
- Hackers with ties to North Korea masqueraded as a quantitative trading company for half a year before launching their attack
- Drift Protocol will abandon Circle’s USDC in favor of Tether’s USDT as its primary settlement infrastructure
- Circle drew heavy criticism for failing to freeze assets as $232M in USDC transferred thro