Drift Opens DFX Recovery Claims for April Exploit Victims, Initial Payouts Near 1%

According to BlockchainReporter, Solana-based perpetuals exchange Drift opened its DFX recovery claims on October 1 for victims of the protocol's April 1 exploit. The Drift Foundation stated that initial redemptions recover about 1% of verified losses, with the recovery pool holding roughly 3.1 million USDT against a fixed supply of 299,500,810.998 DFX tokens. Each DFX represents one USDT of verified loss and operates as a standard SPL token on Solana that is tradable on Raydium.

To claim, users connect the wallet that controlled their account on April 1 to check their allocation via a Merkle proof. The recovery pool is funded daily from Velocity's net protocol revenue. Additionally, Tether has committed up to 127.5 million USDT and strategic partners up to 20 million USDT to support user recovery. Holders who redeem at launch receive about 0.0104 USDT per DFX and burn the token. The claim window remains open until January 1, 2028, after which any unclaimed DFX will be permanently burned.