Reflect Launches Independent Voluntary Recovery Plan for Drift Hack Victims: 0.20 USDC + 80 RC per Unit
Stablecoin protocol Reflect has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). Backed by Palindrome Engineering with pre-funded capital, the plan offers a 180-day window for holders to sell their positions at 0.20 USDC + 80 Reflect Credit (RC) per unit, settled entirely on-chain. Participants must waive claims against Drift in exchange for immediate liquidity, while non-participants may still support Drift's DFX recovery channel. This initiative is separate from Drift's official recovery process and provides an immediate, deterministic exit option for affected users.

