Drift secures Tether-backed recovery package after the Burrow hack
cryptocrypto-hacksdefi 3 posts · 3 accounts
Drift said a Tether-backed package worth up to nearly $150 million, including a $100 million revenue-linked credit facility, will fund a user recovery pool and relaunch after the Burrow hack.
From the sources (3 posts)
@tayvano_@LorenzoARK @malekanoms @circle @jerallaire @DriftProtocol Tether froze the burrow hack yesterday lol (circle didn’t. again.) Grinex, successor of Garantex, the sanctioned Russian exchange, didn’t disclose their hack until after the funds
@rugpullfinderThis is how you recover! @DriftProtocol please write a playbook for others 😅👇
@zachxbt@paoloardoino Always a pleasure to assist victims when exploited funds can be quickly identified as stolen to a high degree of certainty and temporarily frozen. Centralized stablecoin issuers need to implement real time solutions instead o