#DriftHackVictimsBeginClaims A trader who lost $100,000 in the Drift hack
can currently claim their compensation for about $1,040.
Drift, now Velocity, has finally opened claims
for the $295.4M stolen from users in April.
Victims
receive 1 DFX compensation token for every $1 lost.
It seems fair until you try to buy it back.
There’s only $3.11M in the recovery fund so far; thus, each DFX claim currently allows you to get about $0.0104.
In other words, $1 back for every $100 lost.
Stranger still, victims can either take this 1% right away, sell the DFX on the market, or keep holding it in the hope that future protocol revenues, recovered funds, and the money promised to partners will eventually drive the buyback value higher.
$1000000BOB
$PUMPBTC
$NIL
can currently claim their compensation for about $1,040.
Drift, now Velocity, has finally opened claims
for the $295.4M stolen from users in April.
Victims
receive 1 DFX compensation token for every $1 lost.
It seems fair until you try to buy it back.
There’s only $3.11M in the recovery fund so far; thus, each DFX claim currently allows you to get about $0.0104.
In other words, $1 back for every $100 lost.
Stranger still, victims can either take this 1% right away, sell the DFX on the market, or keep holding it in the hope that future protocol revenues, recovered funds, and the money promised to partners will eventually drive the buyback value higher.
$1000000BOB
$PUMPBTC
$NIL