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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InDrift Protocol has launched a recovery plan with Tether to restore user funds, as the total value linked to the exploit is now revised upward to $285 million. Following this development, Vectis has outlined the specific withdrawal process for affected users to facilitate the recovery of assets. Meanwhile, Circle faces a class action lawsuit for failing to freeze stolen funds, a case testing the legal responsibilities of stablecoin issuers during active breaches. Analysts warn that unilateral asset freezes could trigger systemic risks across decentralized exchanges (DEXs) and bridges. In response to these security concerns, the Solana Foundation introduced the STRIDE initiative for formal protocol verification. Despite these efforts, a recent Phantom wallet outage continues to highlight persistent infrastructure vulnerabilities within the DeFi ecosystem.