Drift, a decentralized trading platform built on the Solana blockchain, has opened a recovery claims process for users who lost funds in a hack. The initial recovery amount is roughly 1% of verified losses, meaning affected users can expect to receive about one cent for every dollar lost at this stage.
According to reporting by CryptoSlate, Drift began accepting claims from users whose losses were verified following the incident. The process is open specifically to those with confirmed, verified losses, not all users who believe they were affected. For related coverage, see Crypto Security Losses Hit $1.26B in Q3 as Bitget Hack Costs $387.5M.
A 1% recovery rate means the fund available to distribute right now covers only a small fraction of total verified losses. For example, a user who lost $1,000 in the hack would receive roughly $10 at this stage. That figure could change as recovery efforts continue, but no future payout amounts have been confirmed. For related coverage, see SEC Approves Cboe BZX 3x Bitcoin and Ether Futures.
Verified losses versus claimed losses
There is an important distinction here. Verified losses are amounts that Drift has confirmed through its own review process. Claimed losses, meaning amounts that users have reported but that have not yet been reviewed, may differ. Users should check directly with Drift’s official channels to understand whether their specific loss has been verified. For related coverage, see Binance Brazil: Transfer Details Required Nov. 1.
The Drift exploiter previously moved 23,095 ETH through Tornado Cash, a cryptocurrency mixing service used to obscure the trail of stolen funds. That movement illustrates why full recovery in hacks like this is difficult: once funds are mixed or transferred across protocols, tracing and recovering them becomes far harder.
Recovering even a small percentage of losses after a crypto hack is not guaranteed. As a broader look at why recovery is so difficult after large crypto hacks shows, most victims receive nothing at all. The fact that Drift has opened any claims process is notable, even if the initial rate is low.
What affected users should do now
If you held funds on Drift at the time of the hack, your first step is to confirm whether your loss has been verified. Go directly to Drift’s official website or its official blog for instructions on submitting or checking the status of a claim.
Be cautious of unofficial links or messages claiming to offer recovery assistance. Scammers often target victims of crypto hacks with fake claim portals designed to steal remaining funds. Only use links published directly by Drift through verified official accounts.
Watch for updates on the total claims pool, the timeline for distributions, and whether additional recovery rounds are planned. The roughly 1% figure reflects what is available now. Drift has not confirmed what, if anything, will follow.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
