Reading Time: 3 minutesKey Takeaways:<\/p>\n
Tether and the Solana Foundation are providing up to $150 million to help Drift Protocol recover from a massive hack.
\nThe recovery plan includes a $100 million credit facility to ensure the platform can safely start again.
\nAffected users will receive recovery tokens that will be paid back using future trading fees.
\nAfter the relaunch, USDT will become the primary money used for trading on the Drift platform.<\/p>\n
According to the official announcement from Solana, Tether is leading a $150 million recovery plan to help Drift Protocol users after a major hack on April 1, 2026.<\/p>\n
When the industry faces challenges, Tether steps up. \ud83d\udee1\ufe0f
\nWe are leading an up to $150M recovery plan alongside the @SolanaFndn to support user recovery and safely relaunch @DriftProtocol
\nWatch the video to see how we\u2019re protecting the community and expanding $USDT on Solana. \ud83d\udc47 pic.twitter.com\/rlDrx1q7kt
\n\u2014 Tether (@tether) April 16, 2026<\/p>\n
The Background of the Major Hack
\nThe decentralized world was shaken when Drift Protocol, a popular trading platform on Solana, was hacked for $285 million. This event left hundreds of thousands of users worried about their lost funds and the future of the Solana ecosystem. To protect investor trust, Tether and the Solana Foundation partner with a huge rescue package. This is one of the largest on-chain recovery plans in history, showing that the biggest players in the industry are willing to protect users when things go wrong.
\nTether Leads Support to the $150M Drift Recovery Plan
\nRead Next: Tether Unveiled Self Custodial Wallet to Power Humans and AI Agents\u00a0
\nHow the $150 Million Package Works
\nThe rescue plan is built with several parts to make sure the platform stays stable. Tether is committing up to $127.5 million, while other partners and market makers are adding another $20 million. A large portion of this money, about $100 million, is set up as a credit facility that is linked to how much money Drift makes in the future. The package will include grants and loans to help traders keep the market running smoothly.
\nThe Plan to Pay Back Users
\nInstead of a simple refund, Drift Protocol will use a special system to return money to users. The platform will give affected people recovery tokens that represent the money they lost. As the platform starts trading again, it will use the fees collected from new trades to slowly buy back these tokens and refill user balances. Once the platform is safe to use again, it will use USDT as its main currency for all trades. This will increase the role of Tether on the Solana network and help provide more stability for everyone using the app.
\nDrift released incident recovery update
\nTether is working to make sure the financial side of that world stays safe. However, it is important to remember that this recovery depends on people using the platform again in the future. It proves that even when technology reaches new records, the human community must still work together to fix mistakes and protect investors.
\nRead Next: SEC and CFTC Named Solana As a Digital Commodity, Clearing the Path for Spot ETFs\u00a0
\nA Careful Path to Recovery
\nWhile this news is a big relief, users should understand that the process will take time. Because the recovery is tied to future trading fees, not everyone will get 100% of their money back immediately. The platform must first prove it is safe from new hacks before it can relaunch. Drift is betting on a more secure and liquid future by choosing USDT as the main currency.<\/p>\n","protected":false},"excerpt":{"rendered":"