Drift Opens DFX Claims After $295 Million Security Incident

The Drift Foundation has opened claims and redemptions for users affected by an April 1 security incident that resulted in approximately $295 million in stolen assets. Eligible users can claim one DFX token for each USDT of verified loss, with the Recovery Pool holding about 3.11 million USDT.

The pool is set to receive up to $127.5 million in matching funds from Tether and up to $20 million from strategic partners. Additionally, any assets recovered later will be added to the pool.

DFX holders can redeem tokens for USDT based on the pool's balance divided by the number of DFX still outstanding. Redeemed tokens will be destroyed, and the transaction cannot be reversed.