Tether backs $150M Drift recovery plan
Tether has committed $150 million to support the recovery of Drift Protocol after a $280 million exploit disrupted the decentralised exchange earlier this month.

Finance journalist at Grafa with years of experience covering Asia-Pacific financial markets at S&P Global, Mortgage Ezy, and GMA Network.
Tether has committed $150 million to support the recovery of Drift Protocol after a $280 million exploit disrupted the decentralised exchange earlier this month.
Charles Schwab plans to launch a cryptocurrency trading service, but faces strong competition from low-cost crypto ETFs that already dominate investor flows.
Contact Energy (ASX:CEN) has finalised its acquisition of King Country Energy, purchasing the remaining 24.98% stake.
PrimeEnergy Resources (NASDAQ:PNRG) released its fiscal year 2025 financial results on April 16, 2026, revealing a year of operational expansion tempered by a volatile commodity pricing landscape.
Triangle Energy (ASX:TEG) has entered into an agreement with Pilot Energy (ASX:PGY), providing a $250,000 short-term loan.
A major fire at Viva Energy's (ASX:VEA) Geelong refinery has been extinguished following a massive overnight operation.
Forrestania Resources (ASX:FRS) commenced ore haulage from the British Hill deposit to its flagship Lake Johnston processing facility.
Ansell (ASX:ANN) announced the resignation of its CFO, Brian Montgomery.
ASIC granted financial reporting relief to Warriedar Resources, a wholly-owned subsidiary of Capricorn Metals (ASX:CMM).
Lodestar Minerals (ASX:LSR) commenced its latest exploration phase at the Ned's Creek Gold Project.