Overview
- Drift opened claims and redemptions for DFX on October 1, 2026, letting eligible wallets claim one DFX for each USDT of verified loss from the April 1 exploit.
- DFX is a transferable Solana SPL token separate from Drift’s governance token and redeems by burning tokens for USDT from a dedicated recovery pool.
- The recovery pool started with roughly 3.11 million USDT, valuing each DFX at about 0.0104 USDT and delivering an immediate payout near 1% of verified losses.
- Drift’s plan depends on conditional commitments and future inflows, including up to 127.5 million USDT from Tether, up to 20 million from partners, frozen or recovered assets, protocol revenue from Velocity, and a 10% bounty on recoveries.
- Investigators traced post‑hack transfers and attribute the April 1 attack to a North Korean‑affiliated group that used social engineering and a multi‑signature/nonce exploit, and the program gives victims tradable claims with a Jan. 1, 2028 deadline to claim or forfeit recovery tokens.