Security· ★★★· bearish·

Drift opens DFX recovery redemptions at about one cent per dollar lost

  • —Redemption rate is about 0.0104 USDT per DFX, or 1.04% of losses
  • —The Recovery Pool holds roughly 3.1 million USDT
  • —Fixed allocation is 299,500,810.998 DFX against 299.5 million USDT of losses
  • —The claim window closes Jan. 1, 2028, when unclaimed DFX is burned
Why it matters: Victims of the April Drift exploit will recover only about 1% of their losses, highlighting weak DeFi reimbursement mechanisms.
#USDT#DFX#DRIFT
Source: CryptoSlate
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