Victims of the exploit that stole approximately $295.4 million from Drift in April are today receiving around one cent for every dollar lost, under the recovery scheme launched on October 1 by the foundation, now rebranded as Velocity.
The Drift compensation token, called DFX, is issued at a rate of one unit per dollar verified as a loss and was trading near 0.0104 USDT at the time the claims portal launched.
The recovery mechanics establish that the value of DFX depends on the Recovery Pool balance divided by the DFX tokens still in circulation, meaning the redemption rate can only rise over time.
Velocity will allocate between 60% and 90% of its daily net revenue to the pool, according to tiered ranges. Tether committed up to $127.5 million in USDT, released in phases, while other strategic partners contributed up to an additional $20 million.
Additionally, $9.2 million of the stolen funds were frozen after tracing the attacker’s operations through Tornado Cash in August.
Despite the low initial rate, the DFX token surged nearly 210% in 24 hours to approximately $0.03, though with thin liquidity of around $200,000. Drift will keep the claims window open until January 1, 2028; unclaimed tokens will be burned.
Source: https://dfx.drift.trade/recovery-pool
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