StandX said DUSD airdrop claims will open at 8:00 Beijing time on Nov. 2 and close at 16:00 on Dec. 31. The update was carried by Odaily. The source text did not include additional details on eligibility, claim procedures, or distribution rules.
TheDefiant highlighted a key distinction between coverage bought directly from Nexus Mutual and Kraken’s Firelight arrangement. Under Firelight, coverage is capped at $100,000 for each depositor address during each coverage period. By contrast, users who buy directly from Nexus Mutual can choose their own coverage amount. The tradeoff is in the claims process. Firelight applies a preset limit tied to depositor addresses, while direct Nexus buyers are responsible for submitting their own claims. The comparison focuses on who controls the coverage amount and who must take action if a claim is needed. In short, the two setups differ in both payout limits and operational responsibility. Firelight sets a fixed ceiling per address per period, whereas direct Nexus Mutual coverage offers more flexibility on size but leaves claim filing to the policyholder.
Qubic said its Layer 1 network has resumed normal operations after an attack, with the Computor Arbitration Committee approving a recovery plan and the official claims portal now live. The project said an initial batch of funds has already been returned to verified owners, while affected assets were moved into protected escrow accounts during the network pause to reduce further risk exposure. Qubic also warned that any wallet created with versions earlier than Qubic web wallet 4.26.4, released on Oct. 19, should be treated as unsafe even if the funds were not affected. Users are being told to upgrade to version 4.26.4 or later and create a new wallet. The claims window for affected users will remain open until May 1, 2027, with submissions backed by clear evidence set to receive priority handling. Qubic had previously said the attacker exploited insufficient randomness in seed generation for some wallets between Oct. 17 at 23:42 UTC and Oct. 18 at 01:26 UTC, compromising 1,404 wallets and stealing about 2.94 trillion QU.
FTX has already carried out five rounds of distributions under its bankruptcy reorganization plan, which took effect in January 2025, but creditors in mainland China and Macau still have not received any funds. According to the source article, these users can complete identity verification, submit tax forms, and even obtain claim approval, only to get stuck at step 8 of the process: choosing a distribution service provider. FTX currently works with BitGo, Kraken, and Payoneer, and the available options are shown based on the residence location recorded in a user’s account. For mainland China and Macau, none of the three appear. The article says FTX’s creditor help page warns that anyone who has not connected to a distribution service provider by Jan. 31, 2027 may lose the right to receive distributions. That creates a specific problem for creditors in the two jurisdictions, because they are required to connect on time while no service provider is available to them. The piece adds that FTX has not said when the situation might change, only that it plans to add new providers. It also points to claim sales as one immediate option and highlights Qredax, which says it buys eligible FTX claims from creditors in mainland China and Macau and can complete transactions in 24 to 48 hours.
Victims of the Drift hack have begun filing claims as of Oct. 1, with an initial recovery pool of about $3.11 million set against nearly $295.4 million in verified losses, according to Bitcoin.com News as cited by Odaily. At the opening calculation, each $1 in verified losses translated to roughly 1.04 cents in USDT, meaning a claimant with $1,000 in losses could redeem about $10.40. The process uses DFX tokens, whose total supply is fixed at 299,500,810.998 and will not be increased. Each token corresponds to 1 USDT of verified losses tied to the April incident. Holders can burn DFX to redeem USDT, sell the tokens on secondary markets including Raydium, or keep holding them for future claims. Once redeemed, the transaction cannot be reversed, and any unclaimed tokens will expire after the claims window closes on Jan. 1, 2028. Future funding for the recovery pool is expected to come from part of the daily net protocol revenue of Velocity, the rebuilt and renamed exchange that emerged from Drift, up to 127.5 million USDT pledged by Tether, 20 million USDT pledged by strategic partners, and any stolen assets that are recovered. On the first Friday after claims opened, about 216,480 DFX had been redeemed for around 2,250 USDT, while Velocity transferred 31 USDT in its first revenue contribution.
Victims of the Drift hack on Solana have begun filing claims, with the initial recovery pool tied to nearly $295.4 million in verified losses standing at about $3.11 million, according to ChainCatcher. Claimants can redeem DFX tokens for USDT, and at launch each $1 of loss translated to roughly 1.04 cents in recoverable value, or about $10.4 for every $1,000 lost. DFX has a fixed supply of 299,500,810.998 tokens and will not be increased. Each token corresponds to 1 USDT of verified loss from the April incident. Holders can burn DFX for USDT, sell it on secondary markets including Raydium, or keep holding for future claims. Once a redemption is completed, it cannot be reversed. Unclaimed tokens will expire after the claims window closes on Jan. 1, 2028. Future funding for the recovery pool is set to come from part of the daily net protocol revenue of Velocity, the rebuilt and renamed exchange formerly known as Drift, up to 127.5 million USDT pledged by Tether, 20 million USDT pledged by strategic partners, and any recovered stolen assets.
Velocity Foundation, formerly tied to perpetuals protocol Drift, has opened claims and redemptions for users affected by the April 1 security incident. Eligible users can receive 1 newly issued DFX token for every $1 in verified losses. DFX is a Solana SPL token with a fixed supply of about 299.5 million, mapped to roughly $295.4 million in verified losses, and it will not be increased. Users can burn DFX through the official portal and redeem it for USDT based on the recovery pool balance, or trade the token on secondary markets including Raydium. With the pool currently holding about 3.11 million USDT, the redemption price is around $0.0104, which implies that every $100 in losses currently returns only about $1, covering roughly 1% of losses. The gap has drawn criticism from the community. The plan also lists possible future funding sources, including up to $127.5 million in support from Tether, up to $20 million from partners, revenue sharing from the new Velocity trading platform, and recovered stolen funds. Those amounts were not in the pool when claims opened. After launch, DFX traded from about $0.01 to about $0.03, up roughly 210% over 24 hours, with liquidity around $200,000.
Drift has opened claims for DFX holders, according to TheDefiant, with the current recovery pool covering about 1% of losses. The claim process comes with a clear tradeoff: redeeming DFX burns the tokens and ends the holder’s claim on any future deposits into the recovery structure. Holders who do not want to exit on those terms can choose to wait for a recovery process funded by revenue, or sell their DFX instead. The source summary does not provide additional figures beyond the roughly 1% coverage level, and it does not detail the total size of losses or the mechanics of future deposits. TheDefiant also notes that its articles are stored on Filecoin. The update centers on how DFX holders can now act on their positions, either by redeeming and giving up future claims, holding out for revenue-backed recovery, or exiting by selling the token.
