Current outcome
The Drift Foundation disclosed that its DFX compensation token is not pegged to 1 USDT and that the current recovery pool covers only about 1% of total claims, while Tether has committed up to 127.5M USDT tied to Velocity net protocol revenue to support the restart and user repayment, with claims due by January 1, 2028.
Progress timeline
3 material updates- #01
Drift Foundation上线DFX索赔与赎回，每损失1 USDT可领1 DFX
Drift Foundation launched DFX claims and redemption for verified victims of the April 1 exploit (~$295.4M stolen), granting 1 DFX per 1 USDT of loss redeemable against a Recovery Pool of ~3.11M USDT backed by up to $127.5M in Tether matching funds and up to $20M from strategic partners, with claims closing 2028-01-01 UTC.
Source evidence: theblockbeats
- #02
Drift赔付方案引社区不满，每100美元损失目前仅可兑回约1美元
Community backlash emerged over DFX redemption pricing: with a ~$3.11M recovery pool against ~299.5M DFX, the redemption price is ~$0.0104, meaning roughly $1 recovered per $100 of loss (~1% recovery). Meanwhile DFX secondary-market price rose from ~$0.01 to ~$0.03, up ~210% in 24 hours, on only ~$200K liquidity; the move reflects expectations of future recoveries and burn mechanics, not an increase in the pool balance.
State after update: Drift Foundation has opened DFX claims and redemption, but the current redemption price is ~$0.0104, equating to roughly $1 recovered per $100 of loss and triggering community backlash. DFX secondary-market price is ~$0.03, up ~210% in 24 hours, with only ~$200K liquidity; future redemption value depends on whether up to $127.5M in Tether matching funds, up to $20M from partners, Velocity fee sharing, and recovered assets actually arrive, with the claim window still closing 2028-01-01.
Source evidence: theblockbeats · foresightnews · The Block
- #03
【Drift 基金会：DFX 并非锚定 1 USDT，当前恢复池仅覆盖约 1% 索赔】
The Drift Foundation disclosed that its DFX compensation token is not pegged to 1 USDT and that the current recovery pool covers only about 1% of total claims, while Tether has committed up to 127.5M USDT tied to Velocity net protocol revenue to support the restart and user repayment, with claims due by January 1, 2028.
Source evidence: foresightnews