Drift opens DFX claims after $295.4 million April exploit

  • Drift Foundation opened DFX claims and redemptions for verified April 1 exploit losses.
  • The Recovery Pool held roughly 3.11 million USDT, valuing DFX initially at about 0.0104 USDT.
  • DFX claims close January 1, 2028, when unclaimed tokens will be permanently burned.

Drift Foundation has opened claims and redemptions for DFX, the recovery token for users with verified losses from the April 1, 2026 exploit that it estimates took about $295.4 million. Eligible users can claim one DFX for each USDT of verified losses through January 1, 2028, when unclaimed tokens will be permanently burned. The fixed supply is approximately 299.5 million DFX, and no further tokens will be minted. DFX holders can redeem tokens for a proportional share of the Recovery Pool, which held roughly 3.11 million USDT at launch, implying an initial value of about 0.0104 USDT per token. Redeeming DFX burns the tokens, pays USDT in the same transaction and ends the holder's right to later Recovery Pool deposits. The pool is designed to receive daily shares of Velocity revenue, up to 127.5 million USDT from Tether, up to 20 million USDT from strategic partners, and recovered stolen assets.

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