The arrival signifies a strategic military posture, potentially influencing 
geopolitical stability and market perceptions of regional conflict.
The post Third AC-130J Ghost Rider gunship arrives in CENTCOM area appeared 
first on Crypto Briefing.

Third AC-130J Ghost Rider gunship arrives in CENTCOM area

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly 
anticipated user recovery plan alongside Tether and other collaborators. This 
move follows the major exploit that drained $285 million from the project’s 
vaults two weeks ago. Related Reading: Bitcoin Double Bottom Formation Eyes 
$82,500 Rally – Breakout Or Rejection Next? Drift Protocol Secures $150M 
Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual 
futures exchange on the Solana blockchain, announced a collaboration with 
Tether and other partners to establish a “structured recovery plan backed by 
up to nearly $150 million in combined support” and relaunch with USDT “at the 
center.” According to the announcement, the funds include a $100 million 
revenue-linked credit line, an ecosystem grant, and loans to market makers, 
all intended to finance a dedicated user recovery pool. As NewsBTC reported, 
the Solana-based DEX suffered an exploit that stole hundreds of millions of 
dollars from its vaults on April 1. The attack took around $285 million in 
multiple crypto assets and became the largest exploit of 2026 to date. During 
the initial phase of the collaboration, a significant portion of exchange 
revenue, together with committed support capital, will be intended to fund 
this recovery pool, Drift explained, noting that any stolen funds recovered 
would be contributed to the pool. In addition, Drift revealed that it will 
issue a new token for the affected users to “streamline distribution of 
recovery assets as well as provide liquidity opportunities for impacted 
users.” The token will be a dedicated recovery token, separate from the DRIFT 
governance token, that is intended to represent a claim on the recovery pool 
and will be transferable. Solana DEX Eyes Hardened Security Framework The 
Solana-based project shared that it will harden its security, passing each 
component through independent audits by OtterSec and Asymmetric Research 
before relaunching the protocol. It will also introduce a new community- 
governed multisig to manage core protocol assets, requiring all multisig 
signers to operate on dedicated signing devices with transaction content 
independently verified outside the primary signing interface before any 
signature is executed. This aims to prevent similar attacks on the project. 
It’s worth noting that the malicious actors gained unauthorized access to 
Drift Protocol by manipulating its multisig approvals using Solana durable 
nonces. “The attack involved unauthorized or misrepresented transaction 
approvals obtained prior to execution, likely facilitated through durable 
nonce mechanisms and sophisticated social engineering,” the project explained 
on its first report. Since then, Blockchain analytics firm Elliptic has 
identified multiple indicators suggesting that the exploit is linked to the 
Democratic People&#8217;s Republic of Korea (DPRK), while Drift has affirmed that 
the exploit was a six-month operation to infiltrate the protocol’s inner 
circle and compromise their devices. USDT Settlements ‘At The Center’ Of Drift 
The project also detailed that it will relaunch with Tether’s USDT for 
settlements. Tether reportedly proposed to extend a USDT support facility to 
designated market makers “to reinforce deep, liquid markets from day one.” 
“Drift’s decision to integrate USD₮ into the relaunch and recovery of a major 
trading venue on Solana reinforces Tether’s role as a reliable settlement 
asset within the Solana ecosystem,” Tether stated. The shift from USDC to USDT 
settlement represents a significant change, following Circle’s decision not to 
freeze the stolen USDC during the initial attack. Notably, the exploiter 
swapped $270.9 million of the stolen assets into USDC within hours, bridged 
them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and 
purchased 129,000 ETH, splitting them across multiple wallets. Related 
Reading: Bitmine’s Ethereum Holdings Hits 4% Supply Milestone After 71,524 ETH 
Buy At the time, multiple investors and on-chain investigators urged Circle to 
freeze the funds, with crypto sleuth ZachXBT slamming the stablecoin issuer 
for its repeated “inaction” over the past few years. Circle has since 
addressed the backlash, affirming that it does not act “unilaterally or 
arbitrarily” and freeze funds when “the law requires us to act.” Drift 
concluded that “this is the first step toward making users whole over time and 
toward building back stronger than where we were before.” Featured Image from 
Unsplash.com, Chart from TradingView.com

Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

US policy inertia could destabilize UAE, impacting regional alliances and 
economic stability, while traders remain cautious on US-Iran peace.
The post Robert Pape warns US policy risks UAE stability without change 
appeared first on Crypto Briefing.

Robert Pape warns US policy risks UAE stability without change

The persistent opposition majority could destabilize Netanyahu&#8217;s leadership, 
potentially leading to political shifts or coalition changes.
The post Netanyahu coalition stuck at 49 seats, opposition holds 61-seat 
majority: poll appeared first on Crypto Briefing.

Netanyahu coalition stuck at 49 seats, opposition holds 61-seat majority: poll

Iran&#8217;s strategic failures may destabilize the regime, impacting regional 
geopolitics and investor confidence in Middle Eastern markets.
The post Iran regime collapse risk repriced as strategic failures mount 
appeared first on Crypto Briefing.

Cryptocurrency price in MXN