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Hacked Crypto Platform to Relaunch After Securing New Funding

Decentralized finance platform Drift Protocol, the victim of an exploit earlier this month where hackers stole approximately $285 million of users’ cryptocurrency, plans to relaunch after securing around $150 million in funding from a consortium led by stablecoin issuer Tether…

This article was originally published by Bloomberg Markets and is republished here under license.

Decentralized finance platform Drift Protocol, the victim of an exploit earlier this month where hackers stole approximately $285 million of users’ cryptocurrency, plans to relaunch after securing around $150 million in funding from a consortium led by stablecoin issuer Tether Holdings SA.

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