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Drift secures recovery fund, XOCIETY suspends operations, Ndus pauses game development, and other Web3 news

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  • Drift has secured a $148 million recovery fund from Tether following a DeFi exploit, abandoning Circle’s USDC stablecoin amid market volatility. (📰blockchain.news)
  • XOCIETY has temporarily suspended its operations to evaluate future directions, while users can still manage their NFTs and the $XO token remains active despite halted expansion plans. (📰eGamers.io)
  • Ndus Interactive has paused development on its Sui-based game Xociety due to profitability issues, despite raising $9 million, and is now seeking a partner for future funding or considering alternative approaches for the game. (📰BlockchainGamerBiz)
  • KuCoin Web3 Wallet is launching a campaign for new users to create wallets and complete tasks to win rewards of 3–200 USDT, with specific eligibility criteria and tasks outlined for participation. (📰KuCoin)
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