Drift opens DFX recovery claims with initial payouts near 1% of losses
The Drift Foundation has opened DFX recovery claims and redemptions for victims of its April 1 exploit, with roughly 3.11 million USDT available and initial payouts near 1% of verified losses. SummaryEligible wallets receive one DFX token for each USDT of verified losses from the exploit.Initial redemptions pay about 0.0104 USDT per DFX, with redeemed tokens permanently burned.Recovery funding includes Velocity revenue, Tether support, partner capital, and any recovered stolen assets.The claim window closes on Jan. 1, 2028, when unclaimed DFX tokens will be burned. The Drift Foundation announced on Oct. 1 that affected users can claim their allocated tokens, redeem them for USDT, or retain their share of future recovery funding. Its launch terms set the total supply at approximately 299.5 million DFX, with no additional tokens to be minted. DFX redemptions pay a fraction of verified losses Under the foundation‘s formula, each token’s redemption amount equals the Recovery Pools USDT balance divided by the outstanding DFX supply. Drift puts the opening rate at about 0.0104 USDT per token, meaning a claim representing 1,000 USDT of losses would initially redeem for approximately 10.40 USDT. For holders who redeem, Drift says the token burn and USDT payment happen in the same transaction, so both complete









