Solana’s Velocity Opens Drift Hack Compensation Claims at About 1% of Losses

The token-denominated payout structure effectively converts a compensation exercise into a distribution of DFX supply, and with the pool far smaller than reported losses, recovery rates hinge on DFX's market value rather than the exchange's balance sheet. Tether's pledge matters because it is the only external backstop named, but its scale relative to the loss pool leaves the actual recovery path unclear. The long claims window suggests the process is expected to be slow and contested; whether Tether's commitment is drawn down, and how DFX trades through that period, is the open question.