Drift Foundation launches DFX claims and redemptions, 1 DFX claimable per 1 USDT lost.

BlockBeats news, October 2 — The Drift Foundation announced that DFX claims and redemptions are now live. Users with verified losses from the April 1 incident can claim 1 DFX per 1 USDT lost. Each DFX corresponds to a claim on the Recovery Pool, which currently holds approximately 3.11 million USDT. The sources of funds include a portion of Velocity's daily protocol net revenue, up to 127.5 million USDT in matching funds from Tether, up to 20 million USDT from strategic partners, and assets recovered subsequently.

DFX can be redeemed for USDT at the Redemption Amount calculated as "Recovery Pool balance ÷ DFX outstanding supply." DFX redeemed will be burned and the transaction is irreversible. The claims window will close at 00:00 UTC on January 1, 2028, at which point unclaimed DFX will be burned.

Yesterday, the Drift Foundation announced progress in recovering funds from the April 1 security incident, in which approximately 295.4 million USD in user assets were stolen. The Foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct investigations and trace funds, with Mandiant identifying the attacker as the North Korean threat group UNC6862.