Drift hack recovery opened near one cent per dollar lost

Drift hack recovery opened near one cent per dollar lost

Summary

Drift Protocol began DFX claims and redemptions on Oct. 1 for victims of its April exploit. At launch, the Recovery Pool held about 3.1 million USDT, offering roughly 0.0104 USDT per DFX—about 1.04% of verified losses. Redeeming burns tokens permanently and forfeits their share of future deposits; partial redemptions leave retained tokens eligible. Future pool funding may come from protocol revenue, recovered funds and announced support commitments, whose ceilings are not cash already available. Unclaimed DFX will be burned when the claim window closes on Jan. 1, 2028; this is not a stated redemption deadline.