Drift Foundation launches DFX claim and redemption program, offering 1 DFX for every 1 USDT lost.

Drift Foundation announces DFX claims and redemptions are now live. Users who suffered verified losses in the April 1 incident can claim 1 DFX for every 1 USDT of loss. Each DFX corresponds to a claim right in the Recovery Pool, which currently holds around 3.11 million USDT. Funding sources include a portion of Velocity’s daily protocol net revenue, Tether’s matching funds of up to 127.5 million USDT, strategic partners’ contributions of up to 20 million USDT, and subsequently recovered assets. DFX can be exchanged for USDT at the Redemption Amount, calculated as "Recovery Pool balance ÷ DFX outstanding supply". Post-redemption DFX will be burned, and transactions are irreversible. The claim window will close at 00:00 UTC on January 1, 2028, with any unclaimed DFX burned at that time. Yesterday, the Drift Foundation released progress on asset recovery from the April 1 security incident, in which approximately $295.4 million in user funds was stolen. The foundation has hired Mandiant, zeroShadow, and SEAL 911 for investigation and fund tracing; Mandiant identified the attacker as North Korean threat group UNC6862.