Oct. 3 (CandyPulse) — Six months after one of the year's biggest DeFi hacks, victims of the Drift exploit can finally file claims. But the first payout is small. The recovery tokens they receive are, for now, worth just over 1% of what they lost.
Key takeaways
The Solana-based perpetual futures exchange, now operating as Velocity (formerly Drift), has launched a recovery token called DFX. Affected users receive one DFX for every 1 USDT they lost in the April hack.
DFX can be redeemed from a recovery pool. That pool currently holds about $3.11 million, against a total DFX supply of roughly 299.5 million, which works out to about $0.0104 per token today.
| Detail | Figure |
|---|---|
| Losses in the April exploit | About $295.4 million |
| DFX per dollar lost | 1 |
| Recovery pool today | About $3.11 million |
| Initial value per DFX | About $0.0104 |
| Claim deadline | January 1, 2028 |
That's the key question, and the answer depends on money that hasn't arrived yet.
No new DFX will be issued, so every extra dollar added to the pool raises the value of each token. In effect, victims are being offered a stake in the platform's recovery rather than a cash refund today.
For many victims, a 1% starting payout is a hard pill to swallow. Holding DFX means waiting, and trusting that revenue and pledged support will eventually arrive. Users who redeem early lock in the low rate; those who hold are betting on a comeback.
Watch the size of the recovery pool. As revenue and any Tether funding flow in, the value of each DFX should rise, and that will decide how much victims ultimately get back.
This article is for information only and is not financial advice.
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