TREE NEWS update: Victims of the Drift hack on Solana began filing claims on Oct. 1 against roughly $295.4 million in verified losses, with an initial recovery pool of about $3.11 million. Holders can redeem DFX tokens for USDT at roughly 1.04 cents per dollar of loss — about $10.40 on a $1,000 loss. DFX has a fixed supply of 299,500,810.998 tokens, each tied to one USDT of verified April losses, and unclaimed tokens expire when the claim window closes on Jan. 1, 2028.
Drift Hack Victims Begin Claims; $3.11M Recovery Pool Pays About 1 Cent Per Dollar
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AI take
The mechanics here matter more than the headline number: recovery is being routed through a fixed-supply token tied to verified April losses, which effectively converts an unrecovered claim into a tradable, expiry-dated instrument. That shifts the question from 'will victims be made whole' to how DFX trades against its roughly one-cent redemption value before the January 2028 window closes. The gap between $295.4 million in verified losses and a $3.11 million pool is the real story, and whether any further recovery is added to that pool is the open question.
Generated by AI for reference only.
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