High Alert

Drift Hack Victims Get Their Money Back, 1 Cent at a Time

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Bitcoin.com
Drift Hack Victims Get Their Money Back, 1 Cent at a TimeWorldPing
Image via Bitcoin.com.

What happened

Drift victims can finally cash out six months after an April exploit left nearly $295.4 million in verified losses.

Yet the numbers show just how long the road to restitution may be.

The recovery pool opened with just $3.

Key facts

  • Drift victims can finally cash out six months after an April exploit left nearly $295.4 million in verified losses.
  • The recovery pool opened with just $3.
  • Reported by Bitcoin.com and published Sun, 04 Oct 2026 16:32:10 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Hedge funds built a $1.2 trillion Treasury trade on money they have to keep borrowing

  2. Latam Cartels Tap Crypto to Expand Their Illicit Workflows

  3. Binance will hold some Brazil crypto deposits until users explain where the money came from

  4. Drift Hack Victims Get Their Money Back, 1 Cent at a Time

Sources

The original report was published by Bitcoin.com. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Bitcoin.com

Related WorldPing coverage

Latam Cartels Tap Crypto to Expand Their Illicit WorkflowsWorldPing
Bitcoin.com

Latam Cartels Tap Crypto to Expand Their Illicit Workflows

A recent report highlights that criminal groups are not only using crypto to launder money, but are actively leaning into crypto investments to generate profits.

Brief by WorldPing · Original reporting by Bitcoin.com