Drift Foundation launched DFX claims and redemptions, per loss 1 USDT can claim 1 DFX
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AT A GLANCE
Drift Foundation now live DFX claims and redemptions; verified affected users can claim 1 USDT per loss 1 DFX。
Article
Drift Foundation launched DFX claims and redemptions, per loss 1 USDT can claim 1 DFX BlockBeats reports that October 2，Drift Foundation announced DFX claims and redemptions are now live,April 1 Users with verified losses in the incident may claim 1 USDT per 1 DFX loss. Each DFX corresponds to Recovery Pool in claims, and the pool currently holds approximately 3110000 USDT; funding sources include part of Velocity's daily protocol net revenue, up to 127500000 USDT in matching funds from Tether, up to 20000000 USDT from strategic partners, and assets recovered subsequently.DFX may be calculated as “Recovery Pool balance ÷DFX outstanding supply” to determine the Redemption Amount redemption of USDT; redeemed DFX will be burned, and transactions are irreversible. The claims window will close on January 1, 2028 00: 00 UTC, at which point unclaimed DFX will be burned.
Yesterday, Drift Foundation announced progress on recovering funds from the April 1 security incident; approximately 295400000 USD users' assets were stolen. The foundation has engaged Mandiant, zeroShadow, and SEAL 911 to investigate and trace the funds. Mandiant identified the attackers as the North Korean threat group UNC6862.
Original link https://m.theblockbeats.info/flash/369959
Key points
01
BlockBeats reports that Drift Foundation announced on October 2 that DFX claims and redemptions are now live.
02
April 1 Users with verified losses in the incident may claim 1 USDT per loss. 1 DFX。
03
Each DFX corresponds to Recovery Pool in claims; the pool currently holds approximately 3110000 USDT。
04
The article lists funding sources including part of Velocity's daily protocol net revenue, up to 127500000 USDT in matching funds from Tether, up to 20000000 USDT from strategic partners, and assets recovered subsequently.
05
DFX The Recovery Pool balance ÷DFX outstanding supply is used to calculate the Redemption Amount redemption USDT。
06
Redeemed DFX will be burned, and the transaction is irreversible.
07
The claims window will close on January 1, 2028 00: 00 UTC; unclaimed DFX will then be burned.
08
The article states that approximately 295400000 USD users' assets were stolen in the April 1 security incident.
09
Drift Foundation has engaged Mandiant, zeroShadow, and SEAL 911 to investigate and trace the funds.
10
The article states that Mandiant identified the attackers as the North Korean threat group UNC6862。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Eligible affected users receive DFX。DFX rather than a fixed equivalent of USDT; instead, it is a claim certificate for Recovery Pool. Each DFX can be exchanged for how much USDT depends on the pool balance and the amount of DFX that remains unpaid at the time of redemption. After redemption is completed,DFX will be burned, and the operation cannot be reversed.
Why it matters to readers
This mechanism provides verified affected users with a path for claims and redemptions, but the actual redeemable USDT amount changes with the Recovery Pool balance and DFX outstanding supply.
If you are a April 1 verified affected user in the incident, pay attention to eligibility, the current redemption amount, and the deadline; once redemption is completed, it cannot be reversed.
Risks and unknowns
Not provided Drift Foundation Original announcement link; the specific rules can only be established based on BlockBeats' account.
The article does not state that all of the maximum amount of matching funds listed had actually been provided.Recovery Pool。
DFX The final redeemable USDT amount is not fixed and depends on Recovery Pool the balance and DFX the outstanding supply.
The attribution to the attacker is relayed from the article's account of Mandiant's conclusion; the available materials do not include the investigation report.
The article does not specify the amount of assets that could subsequently be recovered.
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Related concepts
Recovery Pool
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