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      Drift opens claims for stolen funds compensation, initial payout rate around 1% of losses

      PANews reported on October 3, citing The Block, that Velocity (formerly Drift), a perpetual contract exchange in the Solana ecosystem, has opened claims for compensation related to the April theft. Users can receive 1 DFX token for every 1 USDT lost, with the current payout rate at roughly 0.0104 USDT per DFX, or about 1% of losses. The compensation pool currently stands at about 3.11 million USDT, and DFX's total supply is approximately 299.5 million tokens with no further issuance. The Drift Foundation said the compensation pool will continue to be replenished with protocol revenue, and Tether has committed up to 127.5 million USDT to support the relaunch and user compensation, with a claim deadline of January 1, 2028. Drift was previously attacked in April, losing about 295.4 million USD.


      Source: PANews
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