Recovery Plan

Reflect

2026-07-03 00:01:28

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.

1900

Reflect

2026-07-02 15:45:59

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。

1860

a16z

2026-07-02 21:31:32

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.

1860

Reflect

2026-07-02 15:45:59

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。

1970

Reflect

2026-07-02 15:45:59

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.

1970

stablecoin

2026-07-02 21:01:29

a16z-Backed Stablecoin Protocol Reflect Launches Independent Voluntary Recovery Plan for Drift Hack-Affected USDC+ Holders

a16z 支持的稳定币协议 Reflect 宣布为 4 月 Drift（现 Velocity）黑客事件受损的 USDC+ 仓位持有者启动独立自愿恢复计划。该计划提供 180 天窗口，持有者可将其仓位以每单位 0.2 USDC + 80 Reflect Credit (RC) 的价格出售给 Palindrome Engineering，完全链上结算。Palindrome 预先拨付资金，与 Drift 恢复进程完全独立。参与即放弃对 Drift 的追索权以换取即时流动性；不参与仍可通过 Drift 的 DFX 通道恢复。

1850

Reflect

2026-07-02 15:45:59

Reflect Launches Independent Recovery Plan: Affected Drift Hack USDC+ Holders Can Sell at 0.20 USDC + 80 RC per Unit

稳定币协议 Reflect 宣布为受 Drift (现 Velocity) 4 月黑客事件影响的 USDC+ 仓位持有者推出独立自愿恢复计划，窗口期 180 天。持有者可选择将仓位以每单位 0.20 USDC + 80 Reflect Credit (RC) 的价格出售给 Palindrome Engineering，链上即时结算。参与即放弃对 Drift 的追索权，但获得确定性流动性；不参与则仍可支持 Drift 的 DFX 恢复通道。该计划由 Palindrome 预先拨付资金，与 Drift 恢复进程完全独立。

1950

Reflect

2026-07-02 15:45:59

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

On July 2, 2026, stablecoin protocol Reflect 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 holders a 180-day window to sell their positions at 0.20 USDC + 80 Reflect Credit per unit, settled entirely on-chain. Participants relinquish future claims against Drift in exchange for immediate liquidity, while non-participants can still pursue Drift's DFX recovery channel. This initiative provides an alternative exit option and sets a precedent for third-party intervention in DeFi recovery scenarios.

1890