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via Decrypt · By Decrypt Editorial

How Solana Exchange Drift Plans to Repay Users After $295 Million Crypto Hack

ETH

ETH/USDT

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-1.87%

$1,637.85

-1.87%

(24s)

24h Volume

$16,053,000,006.77

24h H/L

$1,669.51 / $1,552.95

Change: $116.56 (7.51%)

Long/Short

74.4%

Long: 74.4%Short: 25.6%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

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▲ 0.33%

Volume (24h): -

Resistance Levels

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Resistance 2$1,708.82

Resistance 1$1,634.24

Price$1,627.50

Support 1$1,615.03

Support 2$1,552.95

Support 3$1,505.68

Pivot (PP):$1,634.24

Trend:Downtrend

RSI (14):34.6

Decrypt Editorial

(09:25 PM UTC)

1 min read

Approved byEmily Watson

1316 views

0 comments

In brief

Solana-based Drift Protocol was hacked on April 1, with $295 million in user funds drained by attackers linked to North Korea.
Drift Protocol will issue recovery tokens to affected wallets, with each token representing $1 of verified loss.
Tether committed up to $127.5 million in recovery funds, with strategic partners pledging an additional $20 million.

A month after North…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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