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

stablecoin

Jul 2, 2026

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。

2280

Reflect

Jul 2, 2026

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。

2300

Reflect

Jul 2, 2026

Reflect Launches Independent 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 on Drift (now Velocity). The plan provides a 180-day window for holders to sell their positions to Palindrome Engineering at a price of 0.20 USDC + 80 Reflect Credit (RC) per unit, settled entirely on-chain. Participation requires waiving claims against Drift in exchange for immediate deterministic liquidity, while non-participants may still support Drift's DFX recovery channel. The plan is fully prefunded by Palindrome and independent from Drift's own recovery process.

2270

Reflect

Jul 2, 2026

a16z-Backed Reflect Launches Independent Recovery Plan for Drift Hack Victims Offering USDC+ Liquidity

Stablecoin protocol Reflect, backed by a16z, announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). The plan offers a 180-day window for holders to sell their positions at 0.2 USDC + 80 Reflect Credit (RC) per unit, with funds pre-funded by Palindrome Engineering and fully on-chain settlement. Participation requires waiving any claims against Drift in exchange for immediate deterministic liquidity; non-participants may still pursue Drift's DFX recovery channel. This move highlights a differentiated approach in DeFi post-hack recovery, backed by a major VC.

2250

Reflect

Jul 2, 2026

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

稳定币协议 Reflect 宣布为受 Drift（现 Velocity）4 月黑客事件影响的 USDC+ 仓位持有者启动独立自愿恢复计划。该计划由 Palindrome Engineering 提供资金，以每单位 0.20 USDC + 80 Reflect Credit 的价格回购受损仓位，窗口期为 180 天。参与即放弃对 Drift 的追索权以换取即时流动性，不参与者仍可等待 Drift 的 DFX 恢复通道。

2190

Reflect

Jul 2, 2026

a16z-backed Stablecoin Protocol Reflect Launches Independent Recovery Plan for Drift Hack-Affected USDC+ Positions

Reflect, a stablecoin protocol backed by a16z, has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). The plan offers an 180-day window for holders to sell their positions to Palindrome Engineering at 0.2 USDC + 80 Reflect Credit per unit, fully on-chain. The initiative is independent of Drift's own recovery process; participants forfeit claims against Drift for immediate liquidity, while non-participants can still support Drift's DFX recovery channel.

2220

Reflect

Jul 2, 2026

Reflect Launches Independent On-Chain Recovery Plan for USDC+ Holders Affected by Drift Hack with Palindrome Engineering

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 plus 80 Reflect Credit (RC) per unit, settled entirely on-chain. Participants waive claims against Drift in exchange for immediate deterministic liquidity, while non-participants can still support Drift's DFX recovery channel. This initiative provides two clear paths for affected USDC+ users and showcases innovative post-incident recovery mechanisms within DeFi.

2190

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