#drifthackvictimsbeginclaims
🚨 Solana-based Drift Protocol (now renamed Velocity) has opened official compensation claims for victims following the massive $295.4 million hack in April 2026! Applications are now open through the Drift DFX Portal.
Here’s a brief summary of the process:
📊 How the Compensation System Works
🪙 1 DFX = $1 Claim: For every 1 USDT you lost in the hack, 1 DFX recovery token has been allocated to your wallet.📉 Initial Payout Rate (~1%): The pool currently has only 3.11 million USDT in cash. That means each DFX token can currently be redeemed for only ~0.0104 USDT (1 cent per dollar).
📅 Deadline: The last day to file a claim is January 1, 2028. After that date, all unclaimed DFX will be burned.
🚀 How Will the Pool Grow Over Time?
For losses to be covered in full (1 DFX = $1), the pool will grow through these 3 sources:
💵 Tether Lifeline: Crypto giant Tether will gradually transfer 127.5 million USDT into the pool to support the exchange.📈 Exchange Revenue: 35% of the renewed exchange’s (Velocity’s) daily net trading fees will go directly into this pool.🤝 Partnership Funding: Strategic investors have pledged an additional 20 million USDT in capital.
🚨 3 Options for Victims (What Should You Do?)
Cash Out Now (Strategy A): Claim your DFX through the portal, convert it to USDT immediately at the current price (~1% cash value), and close your account. Sell on the Secondary Market (Strategy B): Withdraw your DFX to your wallet and trade it on exchanges like Raydium based on speculative price movements. Wait and HODL (Strategy C): Keep your DFX in your wallet and wait for the token’s value to approach $1 as Tether payments arrive and the pool grows.
🚨 Solana-based Drift Protocol (now renamed Velocity) has opened official compensation claims for victims following the massive $295.4 million hack in April 2026! Applications are now open through the Drift DFX Portal.
Here’s a brief summary of the process:
📊 How the Compensation System Works
🪙 1 DFX = $1 Claim: For every 1 USDT you lost in the hack, 1 DFX recovery token has been allocated to your wallet.📉 Initial Payout Rate (~1%): The pool currently has only 3.11 million USDT in cash. That means each DFX token can currently be redeemed for only ~0.0104 USDT (1 cent per dollar).
📅 Deadline: The last day to file a claim is January 1, 2028. After that date, all unclaimed DFX will be burned.
🚀 How Will the Pool Grow Over Time?
For losses to be covered in full (1 DFX = $1), the pool will grow through these 3 sources:
💵 Tether Lifeline: Crypto giant Tether will gradually transfer 127.5 million USDT into the pool to support the exchange.📈 Exchange Revenue: 35% of the renewed exchange’s (Velocity’s) daily net trading fees will go directly into this pool.🤝 Partnership Funding: Strategic investors have pledged an additional 20 million USDT in capital.
🚨 3 Options for Victims (What Should You Do?)
Cash Out Now (Strategy A): Claim your DFX through the portal, convert it to USDT immediately at the current price (~1% cash value), and close your account. Sell on the Secondary Market (Strategy B): Withdraw your DFX to your wallet and trade it on exchanges like Raydium based on speculative price movements. Wait and HODL (Strategy C): Keep your DFX in your wallet and wait for the token’s value to approach $1 as Tether payments arrive and the pool grows.
