Reflect Launches 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). The plan, funded upfront by Palindrome Engineering, offers a 180-day window for holders to sell their positions on-chain at 0.20 USDC + 80 Reflect Credit (RC) per unit in exchange for immediate liquidity. Participation requires waiving claims against Drift; non-participants can still support Drift's DFX recovery channel.