Security· ★★★· bearish·

Drift exploit victims face roughly 1 cent on the dollar in DFX recovery

  • —Each verified dollar lost converts to one DFX token on Solana
  • —DFX trades near 0.0104 USDT against a $3.11 million recovery pool and 299.5 million token supply
  • —DFX jumped 210% in 24 hours to about $0.03 on thin liquidity of roughly $200,000
  • —Tether pledged up to $127.5 million USDT and partners up to $20 million, released in phases
Why it matters: The payout structure leaves victims with a fraction of their losses, setting a precedent for how DeFi exploits compensate users.
#DFX#USDT#SOL
Source: Cryptopolitan
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