Current outcome
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.
Progress timeline
2 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