Compensation

Drift Foundat

2026-10-05 03:39:08

Drift Foundation outlines post-hack compensation plan with 1 DFX per 1 USDT lost

Drift Foundation has detailed its compensation plan following a hack affecting the protocol. Under the arrangement, users will receive 1 DFX token for every 1 USDT lost. The eventual redemption value will depend on the balance of the recovery pool, which currently covers only about 1% of total claims. The foundation also said Tether has committed up to 127.5 million USDT to support the protocol restart and user compensation, though the funding will be matched against Velocity’s net protocol revenue rather than delivered in a lump sum. Claims will remain open until Jan. 1, 2028. Users can either keep DFX or trade it on secondary markets including Raydium. Drift Foundation added that the only official link is dfx.drift.trade.

20

Drift

2026-10-03 03:00:57

Drift opens DFX claims and redemptions, with early exits priced at about 0.0104 USDT per token

Decentralized exchange Drift, now renamed Velocity, opened claims and redemptions for its compensation token DFX on Oct. 1 after a hack that previously left users with roughly $295 million in losses. Under the plan, affected users receive 1 DFX for every 1 USDT in approved losses, with total supply set at about 299.5 million tokens. That allocation reflects a compensation entitlement, not a current $1 redemption value. At the initial redemption rate disclosed by the project, each DFX is worth about 0.0104 USDT. In practical terms, a user with 10,000 USDT in approved losses would receive only about 104 USDT if they redeem the full amount immediately. Redeemed DFX will be permanently burned, and those redeemed portions will no longer qualify for future distributions. Velocity said future recovery funds are expected to come from protocol revenue, partner support, and any stolen assets that are recovered. Users can also choose partial redemption, continue holding DFX, or sell the token on the secondary market, where pricing will be determined by market trading. Separately, CoinGecko data cited in the report showed DRIFT trading at about $0.01919 early on Oct. 3 Taiwan time, down about 6.2% over 24 hours with roughly $2.1 million in volume. The report noted that DRIFT and DFX are different assets.

230

Drift

2026-10-02 05:56:20

Drift compensation rollout sparks backlash as DFX redemption value sits near 1% of face value

Drift Foundation has opened claims and redemptions tied to its April 1 security incident, allowing affected users to receive newly issued DFX tokens on a 1:1 basis against verified losses. DFX is a fixed-supply SPL token on Solana, with roughly 299.5 million tokens representing about $295.4 million in verified losses. Holders can burn DFX through the official portal for USDT at a floating redemption price or trade the token on secondary markets such as Raydium. Based on a recovery pool balance of about 3.11 million USDT, the current redemption value is around $0.0104 per DFX, meaning users can presently recover only about $1 for every $100 lost. The figure has triggered sharp criticism from community members, who argue that a nominal full-value claim token currently covers only about 1% of losses. At the same time, DFX has traded above redemption value in the secondary market, rising from roughly $0.01 to about $0.03, up around 210% over 24 hours, as traders bet on future inflows including pledged support, protocol revenue sharing, and recovered funds.

260

premier leagu

2026-10-01 00:27:25

What if a Premier League player declines a contract offer?

After the offer is declined and the deal expires, a club can use a conditional contract, a week by week contract, or keep paying the basic wage.

370

Ostium

2026-09-30 15:05:11

Ostium sets compensation plan and will open claims for 3,666 affected wallets on Wednesday

Ostium has released its compensation plan for a previous loss event and will formally open the claims process this Wednesday, according to The Defiant. A total of 3,666 affected wallets are included in the plan. Of those, 3,321 addresses with losses of no more than $1,000 per wallet will be repaid in full, allowing smaller affected users to recover their entire losses. The remaining 345 wallets account for at least 86% of the roughly $23.8 million in total losses. Under Ostium’s plan, those larger-loss wallets can choose between two options: accept a one-time payment of $1,000, or file a pro rata claim for the portion of assets that has not yet been recovered. The company said the compensation channel is scheduled to go live on Wednesday.

230

DYORSWAP

2026-09-27 12:42:52

DYORSWAP says affected addresses below 5 ETH bridge size will receive 40% compensation

DYORSWAP said on Sept. 27 that it has finished reviewing all affected addresses tied to the incident and has set a uniform compensation rate for smaller bridge transfers. According to the update, any affected address that bridged less than 5 ETH will receive compensation equal to 40% of the bridged amount, regardless of whether the funds were later used for trading. Addresses that bridged more than 5 ETH will not be processed under the same blanket rule. DYORSWAP said some of those larger transfers may be linked to phishing activity or fraudulent bridging behavior, so they will be reviewed separately. Users who bridged more than 5 ETH and believe they are legitimate affected users can contact DYORSWAP for identity and address verification. The project also disclosed the compensation distribution address, 0xdf25f88aa6cde9937fdcfcf10fa349528c79dbf9, and told users to verify it carefully. DYORSWAP added that it will not ask users to transfer funds, sign suspicious transactions, or pay any fee to receive compensation.

310

DYORSWAP

2026-09-27 12:47:01

DYORSWAP sets 40% compensation for users with cross-chain transfers below 5 ETH

DYORSWAP said it has finished reviewing all affected addresses and released an updated compensation plan. Under the policy, any address with a cross-chain amount below 5 ETH will receive compensation equal to 40% of the bridged amount, regardless of whether the funds were later used for trading. Addresses with cross-chain amounts above 5 ETH will not be processed under the same blanket rule and will instead go through individual review. The project said some of those cases may involve phishing or fraudulent cross-chain activity. Users who believe they are legitimate affected parties can contact the team directly for verification. DYORSWAP also warned that it will never ask users to send funds, sign suspicious transactions, or pay any fee in order to claim compensation. The team said more details will be released later.

290

DYORSWAP

2026-09-27 12:52:36

DYORSWAP says address review is complete, sets 40% compensation for cross-chain amounts under 5 ETH

DYORSWAP has released a new update on its compensation process, saying it has finished reviewing all affected addresses. Under the latest arrangement, addresses with cross-chain amounts below 5 ETH will receive compensation equal to 40% of the bridged amount, regardless of whether the funds were later used for trading. Addresses involving more than 5 ETH will go through separate review, as some cases may be tied to phishing or fraudulent cross-chain activity. The project said users who believe they are legitimate affected parties can contact the official team directly for verification. It also warned that no claimant will ever be asked to send funds, sign suspicious transactions, or pay any fee in order to receive compensation. More details are expected to be released later.

280