Asymmetric
Asymmetric is a modern-day crypto fund. Asymmetric has two vehicles: a venture investment fund and a liquid one.
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Tanzanian police question Joe McCann, founder of Asymmetric, regarding the death of his fiancée
According to Cointelegraph, Zanzibar police in Tanzania are questioning Joe McCann, founder of the crypto fund Asymmetric, regarding the death of his fiancée, Ashly Robinson, and have confiscated his passport pending the results of the autopsy. Robinson died in a hospital on April 9 after being found unresponsive by hotel staff. Police initially classified the case as a suicide, but her family has challenged this conclusion. The report also states that hotel staff indicated the couple had previously argued and were subsequently assigned separate rooms.
Cointelegraph
Drift: Receives Support from Tether and Others to Establish a $147.5 Million Recovery Pool for User Compensation
Odaily News Drift announced on its official website that Drift Protocol has received support from Tether and other partners. Tether intends to contribute $127.5 million, while other partners plan to contribute $20 million, collectively supporting user recovery efforts following the April 1st attack. This support package includes a $100 million revenue-linked credit line, ecosystem grants, and loans provided to market makers. Drift will establish a dedicated user recovery pool, aiming to gradually address the $295 million in outstanding user losses as trading revenue grows. Additionally, Drift will issue independent recovery tokens to affected users, which represent a claim on the recovery pool and are transferable. Drift is currently in the process of restarting the protocol, having engaged Ottersec and Asymmetric for audits, and is migrating its settlement layer from USDC to USDT. The previous attack resulted in the theft of assets worth approximately $295 million, while the insurance fund assets remained unaffected.
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