Drift Protocol has officially launched its DFX token and Insurance Fund Claim Checker at dfx.drift.trade. Any wallet affected by the April 1, 2026 exploit — where $295 million was drained by a North Korea-linked attacker — can now connect to see a precise loss figure.
How DFX Allocation Is Calculated
The recovery token, DFX, follows a simple formula: one DFX equals $1 of verified loss. Verification hinges on two specific timestamps from April 1 — a price snapshot at 16:06 UTC (before oracle prices were distorted by the attack) and a position snapshot at 18:31 UTC. This dual-timestamp approach prevents inflated or deflated calculations caused by the exploit itself.
User balances were snapshotted at 18:31:47 UTC, with oracle prices taken from 16:06:00 UTC. The current checker is view-only: users can see their token allocation and insurance fund eligibility, but cannot yet claim, redeem, or transfer any assets.
Two Claim Tracks, Different Timelines
Claims are split into two tracks. Insurance Fund claims will open in the coming weeks — the fund was unaffected by the incident, and depositors' assets remain intact for full return. DFX token claims only open after the exchange relaunches, targeted for Q2 2026 with a security-focused redesign. The team has promised a relaunch timeline update soon.
The broader recovery framework includes up to $127.5 million from Tether and up to $20 million from other partners, totaling $147.5 million to back user fund recovery and the protocol's relaunch. Redemption opens once the pool exceeds $5 million, priced as total fund value divided by outstanding supply. Crucially, redemptions are burn-on-redeem and one-time only — users who cash out before the pool reaches $295.4 million forfeit all further claims. This is a long-term recovery model, not an instant refund.
Drift is working with law enforcement and blockchain forensics to trace and recover funds, with any recovered assets flowing back into the pool. Next steps: check the checker for allocation accuracy, watch for the insurance fund claim window, and await the relaunch announcement — the signal that DFX token claims are near.