Gate News message, April 25 — Drift Protocol's product lead Minh Don announced plans to relaunch the forked exchange in May or June, according to a statement made on the official Discord server. The team will spend several weeks optimizing the codebase, removing and adding features that, while

Perplexity uses SFT followed by RL with Qwen3.5 models, leveraging a multi-hop QA dataset and rubric checks to boost search accuracy and efficiency, achieving best-in-class FRAMES performance. Abstract: Perplexity's post-training workflow for web-search agents combines supervised fine-tuning (SFT) to enforce instruction-following and language consistency with online reinforcement learning (RL) via the GRPO algorithm. The RL stage uses a proprietary multi-hop verifiable QA dataset and rubric-based conversational data to prevent SFT drift, with reward gating and within-group efficiency penalties. Evaluation shows Qwen3.5-397B-SFT-RL achieving top FRAMES performance, 57.3% accuracy with a single tool call and 73.9% with four calls at $0.02 per query, outperforming GPT-5.4 and Claude Sonnet 4.6 on these metrics. Pricing is API-based and excludes caching.

Circle Internet Group's stock fell 1% after a class action lawsuit alleged it failed to prevent $230 million in stolen USDC during the Drift Protocol exploit. The lawsuit questions Circle's ability to halt the attackers' transactions, raising issues of responsibility for stablecoin issuers in breach scenarios.

Circle Internet Group is facing a class action lawsuit for failing to quickly halt a $280 million exploit involving its Cross-Chain Transfer Protocol, as investors claim it could have intervened. The lawsuit highlights Circle's prior ability to freeze funds, raising questions about their responsiveness.

Drift Protocol, a Solana-based decentralized derivatives exchange, plans to relaunch as a USDT-based perpetual futures exchange after a $270 million exploit, securing up to $147.5 million in funding from Tether and partners for recovery and operations.

Circle faces a class action lawsuit for failing to freeze $230 million in stolen USDC after the Drift Protocol attack. Plaintiffs argue that Circle's protocols allowed attackers to move and convert the stolen funds without intervention, raising concerns about the company's responsibilities in monitoring cross-chain transfers.

Drift Protocol announced a recovery plan backed by $150 million after a $280 million exploit, transitioning from USDC to USDT, impacting 128,000 users. The plan links user balance restoration to ongoing trading, following criticism of Circle's response to the hack.

Gate News message. According to a blog report, Drift Protocol has received up to $127.5 million from Tether for user recovery.

Zerion confirmed a recent AI-driven social engineering attack by North Korean hackers, resulting in a $100,000 loss from corporate hot wallets. User funds remain safe, and the company has taken precautionary measures. This follows another significant attack on Drift Protocol.

Solana co-founder toly noted that the industry needs a stablecoin that can only be frozen under a court order, opposing other freeze factors. He suggested that the protocol issue a stablecoin with custom freeze strategies on the base layer and strengthen security measures. This view stems from a recent response by Circle to the Drift protocol hack incident, sparking discussions about centralized stablecoins.