Drift Protocol’s governance token, DRIFT, surged 20% on Thursday, rising to intraday highs above $0.061 and touching its highest level since April 1, 2026. DRIFT exploded following an announcement that stablecoin giant Tether has committed $127.5 million in funding to support Drift’s rebound from a major cyberattack linked to North Korea. This development has ignited trader enthusiasm, paving the way for Drift’s planned revival on Solana using USDT for settlements. Drift secures $127.5 million in key Tether backing Drift Protocol, hit by a sophisticated North Korean-backed hack earlier this month, is set to revive its operations with Tether’s USDT serving as the primary settlement asset. The project on Thursday disclosed a nearly $150 million funding package, including $127.
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