$299M Drift Exploit Victims Can Now Claim DFX Recovery Tokens

Drift has opened claims for victims of its April exploit that resulted in losses totaling $299.5 million. The process, which began on October 1 and will remain open until January 1, 2028, allows eligible wallets to claim DFX recovery tokens representing their verified losses. Each token is worth about USDT 0.0104 at launch, meaning an immediate redemption recovers just over one cent for every dollar represented by DFX.

The mechanism follows the April attack that became one of 2026's largest DeFi losses after a months-long social engineering operation compromised Drift contributors. Mandiant later attributed the operation to North Korean threat group UNC6862. The redemption process is designed to distribute USDT from Drift's recovery pool, which currently holds approximately 3.1 million USDT.

Velocity trading activity now provides a recurring source of recovery capital for Drift. Fifteen percent of net trading fees goes to its Insurance Fund, another 15% funds vAMM capital and the remaining 70% becomes Net Protocol Revenue. The recovery pool receives 60% of the first 30,000 USDT in daily Net Protocol Revenue, 70% between 30,000 and 100,000 USDT, and 90% above 100,000 USDT.