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CriticalIncident
Oct 2, 2026

Drift victims face a decades-long wait to get 1 cent on the dollar

Drift
Active

The incident remains unresolved; it stays active until recovery evidence supports closure.

What Happened

Victims of the April 1 exploit that drained about $295.4 million from Drift Foundation, now called Velocity, have called out the repayment rate on the DFX recovery token, which works out to roughly one cent for every lost dollar.  The claims and redemptions window, confirmed in an October 1 release by the project, provides the... This incident is based on a third-party report. Philidor has not independently confirmed a loss amount or an on-chain transaction.

Impact

Affected AssetDrift
Scopeprotocol
Incident Severitymajor
ResolutionUnresolved

Resources

Source report

Provenance & Methodology

Producercryptominute-news
Verificationnot available

Published Philidor event record; verification evidence was not preserved for this legacy event.

Timeline

OccurredOct 2, 2026, 10:50 AM
DetectedOct 2, 2026, 10:59 AM
RecordedOct 2, 2026, 10:59 AM