Reflect
Jul 2, 2026

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.

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Reflect Launches Independent Voluntary Recovery Plan for Drift Hack Victims: 0.20 USDC + 80 RC per Unit
Reflect
Jul 3, 2026

a16z-Backed Stablecoin Protocol Reflect Launches Independent Recovery Plan for Drift Hack Victims, Offering USDC+ Position Sale

Reflect, a stablecoin protocol backed by a16z, has launched a voluntary recovery plan for holders of USDC+ positions affected by the April hack of Drift (now Velocity). The plan, funded upfront by Palindrome Engineering, offers 0.2 USDC plus 80 Reflect Credit (RC) per unit with full on-chain settlement. Participants forfeit claims against Drift in exchange for immediate liquidity; non-participants can still pursue Drift's official DFX recovery channel. The 180-day window provides a new liquidity solution for impacted users.

2230
a16z-Backed Stablecoin Protocol Reflect Launches Independent Recovery Plan for Drift Hack Victims, Offering USDC+ Position Sale
Reflect
Jul 2, 2026

Reflect Launches Independent Recovery Plan: USDC+ Holders Affected by Drift Hack Can Get 0.20 USDC + 80 RC for Immediate Liquidity

受 Drift(现 Velocity)4 月黑客事件波及的 USDC+ 仓位持有者迎来新出路。稳定币协议 Reflect 宣布启动独立自愿恢复计划,由 Palindrome Engineering 提供资金支持。180 天窗口期内,持有者可按每单位 0.20 USDC + 80 Reflect Credit (RC) 的价格出售仓位,全程链上结算。参与即放弃对 Drift 的追索权以换取确定性流动性;不参与则仍保留通过 Drift 的 DFX 通道恢复的资格。

2190
Reflect Launches Independent Recovery Plan: USDC+ Holders Affected by Drift Hack Can Get 0.20 USDC + 80 RC for Immediate Liquidity
a16z
Jul 2, 2026

a16z-Backed Reflect Launches Independent Voluntary Recovery Plan for Drift Hack Victims

Reflect, a stablecoin protocol backed by a16z, has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack on Drift (now Velocity). The plan offers a 180-day window for users to sell their positions to Palindrome Engineering at 0.2 USDC + 80 Reflect Credit (RC) per unit, fully settled on-chain. Participants receive immediate liquidity but forfeit recourse against Drift. The plan operates independently of Drift's official DFX recovery channel, giving users an alternative choice.

2280
a16z-Backed Reflect Launches Independent Voluntary Recovery Plan for Drift Hack Victims
Reflect
Jul 2, 2026

Reflect Launches Independent Voluntary Recovery Plan for USDC+ Holders Affected by Drift Hack, Offering 0.20 USDC + 80 RC per Unit in 180-Day Window

稳定币协议 Reflect 宣布针对4月 Drift(现 Velocity)黑客事件中受损的 USDC+ 仓位持有者,启动一项独立自愿恢复计划。该计划由 Palindrome Engineering 预先拨付资金,提供180天窗口期,持有者可以每单位0.20 USDC + 80 Reflect Credit (RC) 的价格出售仓位,完全链上结算。参与计划意味着放弃对 Drift 的追索权以换取即时流动性;不参与则可继续等待 Drift 的 DFX 恢复通道。此举为受影响的巨鲸和散户提供了一种新的退出选择,但牺牲了潜在的未来追偿。

2250
Reflect Launches Independent Voluntary Recovery Plan for USDC+ Holders Affected by Drift Hack, Offering 0.20 USDC + 80 RC per Unit in 180-Day Window
Reflect
Jul 2, 2026

Reflect Launches Independent Voluntary Recovery Plan for USDC+ Holders Affected by Drift Hack

Stablecoin protocol Reflect has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). For 180 days, holders can voluntarily sell their positions to Palindrome Engineering at a price of 0.20 USDC plus 80 Reflect Credit (RC) per unit, settled entirely on-chain. The plan is pre-funded by Palindrome and operates independently from Drift's official recovery process. Participation requires waiving claims against Drift in exchange for immediate liquidity; non-participants retain access to Drift's DFX recovery channel.

2340
Reflect Launches Independent Voluntary Recovery Plan for USDC+ Holders Affected by Drift Hack
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