News linked to both this project and an event.
The Drift Foundation has outlined the compensation plan following the protocol hack: users will receive 1 DFX token for every 1 USDT lost, with redemption amounts depending on the recovery pool balance that currently covers only about 1% of total claims; Tether has committed to providing up to $127.5 million USDT to support protocol restart and user compensation, with funds matched against Velocity's net protocol revenue rather than disbursed as a lump sum; the claims deadline is January 1, 2028, allowing users to choose to hold DFX or trade it on secondary markets such as Raydium, with the only official link being dfx.drift.trade.
Odaily News — According to monitoring by Drift Foundation, DFX claims and redemption are now live. Users with verified losses from the April 1 incident can claim 1 DFX per 1 USDT lost. Each DFX corresponds to a claim on the Recovery Pool, which currently holds approximately 3.11 million USDT. The funding sources include a portion of Velocity's daily protocol net revenue, up to 127.5 million USDT in matching funds from Tether, up to 20 million USDT from strategic partners, and assets recovered subsequently.DFX can be redeemed for USDT at a redemption amount calculated as "Recovery Pool balance ÷ DFX outstanding supply." Redeemed DFX will be burned, and transactions are irreversible. The claims window will close on January 1, 2028, at 00:00 UTC, at which point unclaimed DFX will be burned.Yesterday, Drift Foundation released an update on fund recovery efforts related to the April 1 security incident, in which approximately $295 million in user assets were stolen. The Foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct investigations and trace funds, with Mandiant identifying the attacker as North Korean threat group UNC6862.