The company will provide $127.5 million, with the remainder coming from unnamed partners. As part of the platform's relaunch, Drift will also switch its settlements from USDC to USDT. Tether stated that this structure links financing and recovery with current trading activity on the platform. It will allow user balances to be restored as the exchange returns to normal operations. On April 1, Drift Protocol was hacked for $280 million. Hackers stole 42.7 million JLP ($159.3 million), 71.4 million USDC, 164.4 BTC ($11.3 million), 5.7 million USDT, and other tokens. The perpetrators then converted these assets into USDC. For six hours, they transferred tokens from Solana to Ethereum. However, Circle did not block 230 million USDC. As a result, Drift investor Joshua McCollum filed a lawsuit in the US District Court in Massachusetts on behalf of more than 100 participants. They accuse the company of negligence, aiding and abetting the misappropriation of funds, and seek compensation for damages.