Blockaid

Oct 19, 2026

Blockaid Says Hackers Still Control $287.1 Million in Stolen Crypto That Can’t Be Frozen

Blockchain security firm Blockaid said in a report released Monday that hackers behind major crypto exploits in 2026 still control $287.1 million in stolen assets sitting in wallets that investigators can monitor but cannot freeze. The report reviewed 60 major onchain exploits from January through August 2026, which Blockaid said accounted for $1.18 billion in stolen funds. As of the report’s Sept. 2 cutoff, only $9.8 million, or 0.8%, had been returned to victims, while another $81.4 million had been frozen but not yet handed back. Only five of the 60 incidents resulted in any funds being frozen or recovered. Blockaid also found that attackers move quickly after an exploit: across 59 cases, the median time to move funds was 17 minutes, with 68% of cases seeing funds moved within an hour and 22% within the first minute. The firm said most successful freezes or recoveries came from protocol, governance, or validator controls rather than from assets that could be directly blocked at the issuer level.

530

Drift

Oct 4, 2026

Drift hack victims begin claims as $3.11 million recovery pool covers about 1.04 cents per dollar

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.

890

Drift

Oct 4, 2026

Drift hack victims begin claims process as initial recovery pool stands at about $3.11 million

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.

920

Drift

Oct 3, 2026

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.

990

Velocity

Oct 2, 2026

Velocity opens claims for April hack compensation, with current recovery at about 1% of losses

Velocity, the Solana-based perpetual futures exchange formerly known as Drift, has opened compensation claims tied to its April exploit. Under the current arrangement, users receive 1 DFX token for every 1 USDT lost. At the present payout rate, each DFX is worth about 0.0104 USDT, putting recovery at roughly 1% of user losses. The compensation pool currently stands at about 3.11 million USDT, while DFX has a total supply of roughly 299.5 million tokens and will not be inflated further. The Drift Foundation said the pool will continue to be funded through protocol revenue. It also said Tether has committed up to 127.5 million USDT to support the platform restart and user compensation. Claims will remain open until Jan. 1, 2028. Drift was previously hit by an attack in April, with losses of about $295.4 million, according to Odaily.

1190

Drift

Oct 2, 2026

Drift opens DFX claims and redemptions for users hit by more than $290 million exploit loss

Drift Foundation has opened claims and redemptions for DFX, a Solana-based recovery token created for users who lost funds in the perpetuals exchange’s April 1 exploit. Under the process, each 1 USDT in verified losses gives a wallet 1 DFX. Based on Drift’s current figures, each token redeems for about 0.0104 USDT, which works out to roughly one cent back for every dollar lost so far. The rate is tied to the Recovery Pool balance, which launched at about 3.1 million USDT, divided by the roughly 299.5 million DFX outstanding. Drift said in a Sept. 30 update that more than $290 million was taken from users, and that forensic firm Mandiant identified the attacker as a North Korean group. The pool is designed to grow through revenue sharing from Velocity, the rebuilt exchange rebranded in July, plus pledged support from Tether and strategic partners, and any stolen funds later recovered or frozen.

900

Velocity

Oct 2, 2026

Velocity opens claims for April 1 security incident as DFX redemption starts near 1% of verified losses

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.

910

Drift

Oct 2, 2026

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.

880

Total 40 items

Go topage

Bit.Fan