$295 million in user assets stolen, Drift Foundation launches DFX claims and redemptions

Drift Foundation monitoring shows that DFX claims and redemptions are now live. Users who have verified losses from the April 1 incident can claim 1 DFX for every 1 USDT lost. Each DFX corresponds to a claim on the Recovery Pool, which currently contains approximately 3.11 million USDT. The funding sources include a portion of Velocity's daily net income, up to 127.5 million USDT from Tether, up to 20 million USDT from strategic partners, and assets recovered subsequently. The redemption amount of DFX can be calculated as "Recovery Pool balance ÷ DFX outstanding supply" to exchange for USDT. The redeemed DFX will be burned, and the transaction is irreversible. The claims window will close on January 1, 2028, at 00:00 UTC, at which point any unclaimed DFX will be burned. Yesterday, Drift Foundation announced the progress of fund recovery from the April 1 security incident, revealing that approximately $295 million in user assets were stolen. The foundation has hired Mandiant, zeroShadow, and SEAL 911 to conduct investigations and fund tracking, with Mandiant identifying the attacker as the North Korean threat group UNC6862.

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