Tracy retweeted
DFX Claims and Redemptions are now live.
If you had a verified loss from the 1 April incident, you can claim 1 DFX for every 1 USDT lost.
Claim: dfx.drift.trade
How it works: drift.trade/updates/dfx-clai…
The claim window closes at 00:00 UTC on 1 January 2028. Unclaimed DFX will be burned.
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DFX Claims and Redemptions are live.
Thank you, community, for your patience. If you had a verified loss on Drift on April 1, everything you need is in the post below
DFX Claims and Redemptions are now live.
If you had a verified loss from the 1 April incident, you can claim 1 DFX for every 1 USDT lost.
Claim: dfx.drift.trade
How it works: drift.trade/updates/dfx-clai…
The claim window closes at 00:00 UTC on 1 January 2028. Unclaimed DFX will be burned.
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KBW and Token2049 PSA.
You're going to meet a lot of people these 2 weeks and have a great time with most of them. Enjoy it, that's what conference weeks are for.
Just stay aware. The smart attackers don't need you to be careless. They wait for months, show up at events, become a familiar face, help you out, get into your group chats. By the time they send the link or a file, it doesn't feel like a risk. It just feels like you're helping a friend.
So be paranoid with everyone's links and files, even people you've known for years.
I've been close to the aftermath of this for most of 2026. Would not recommend.
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Cindy is the reason I quit my corporate job.
We met in 2021. I was doing crypto on the side but still holding onto my 9-5, because I was too scared to leave something comfortable. Then in 2024 we got lunch and she told me she saw a lot of potential in me, and that I'd do well in crypto full-time. I quit the next day.
That's what Cindy does. She makes you believe you can do whatever you want, and that you're capable of doing it well. Anyone who's worked with her will tell you the same.
She's the best mentor I've had, my biggest supporter, and one of my closest friends and I'm so lucky to have her.
(And no, she didn't offer me a job after that lunch)
Five and a half years ago, @crispheaney, @bigz_pubkey, @davijlu and I set out on a weird, winding, and wonderful journey to build a perpetual futures exchange. The crypto market structure was extremely immature then. Perps were just starting out, most DeFi users were paying $200 to execute a single transaction on Ethereum. We were one of the first to bring a fully on-chain perpetual DEX to market and launched for the first time on Solana in November 2021.
Today, as the exchange relaunches and enters its next chapter, I'm stepping down from Drift, now @VelocityDEX.
I'm extremely proud of what we built – one of the largest exchanges on Solana with over $150B traded. Chris and Z, our technical cofounders, led the technology front to build every piece of the exchange stack, while David and I put together an incredible and experienced growth and operational team. I poured my heart, soul, and many years of the most insane ups and downs into building and growing Drift – a gruelling, but immensely fulfilling journey. In many ways, it felt like my first child.
This April, we faced a state-level attack by DPRK, after a long-planned six months of social engineering infiltration. Going through it and the aftermath was by far the worst week of my life.
Within ten sleepless nights, we closed a deal with Tether that put users on a path to recovery. We hired @redacted_noah, ex-head of protocol engineering at Helium, to lead the rebuild of Velocity’s smart contract technology, a difficult task he took on enthusiastically and with zest. We brought on @namanmtl, who joins us from Binance and Trust Wallet to lead Growth and Recovery to grow our trader base for the relaunch. I am proud of my team who stepped up to take initiative above and beyond – especially @tracybbd who personally took the pains to speak to every single trader and market maker on the exchange.
Over the next few months, the team refused to quit and hunkered down to rebuild the exchange with a full security upgrade. Designing DFX as well as coordinating on multi-nation asset recovery working alongside @zeroShadow_io and local law enforcement agencies to freeze assets was a huge feat. This week, Velocity finalized their audit by @osec_io and @asymmetric_re and fully open-sourced the exchange. After a long and arduous journey, with many security audits in tow and with massive effort from the team, the exchange relaunches today – even better and faster than before.
I would like to shout out the incredible team that will be carrying on the Velocity product. @davijlu, along with Foundation, will continue to move on the asset recovery and law enforcement work. @redacted_noah will continue to build out Velocity’s technology, shipping new features like CLOB and Prop AMM that will make the product even better and smoother. @Defioppa, who previously led product at Binance, will continue to lead the product at Velocity. @tracybbd will lead partnerships and stakeholder relationships. @namanmtl will join us from his extensive background at Binance to lead growth.
With a heavy heart, I fully own this decision to step down. I have always done my best work building from zero to one. Velocity is now at the stage where it needs operators who can take it from one to ten, and I trust this team to take it to the next level. It is the right decision for me and for the protocol, to open a new chapter for Velocity.
I've been all in on crypto, my whole career since I was 19. Now I will be spending energy on exploring what’s next for me personally. I care about building bridges between Asia and the US, between digital and physical infrastructure, and about bringing what I've learned home to my local community in Southeast Asia. I will actively continue to champion Velocity, and the founders and teams I’m backing.
To our users and partners: thank you so much for the trust. I know the Velocity team is genuinely giving the relaunch all they have. To our investors: thank you for all your guidance and support all these years. To our team: thank you for everything. I couldn't have imagined doing this with anyone else.
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Tracy retweeted
This week, Velocity Beta opened to everyone.
→ ZEC-PERP went live at up to 10x, and ZEC joined SOL, wBTC, wETH, and USDT as collateral.
→ Every account at 2 bps for a limited time, and referrers earn 20% of their referrals' fees.
Trade Now → app.velocity.exchange
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Everyone knows I'm a ZEC maxi, so having it as the first listing after open beta is a win for me.
Long or short up to 10x! Or you can deposit your ZEC as collateral and trade off it (NEVER SELL YOUR ZEC, NFA)
NEW LISTING: ZEC-PERP is now live on Velocity Beta.
Long or short Zcash up to 10x. Deposit ZEC and use it as collateral, or post wBTC, wETH, SOL, or USDT.
2 bps fees for every account for a limited time.
Trade Now → app.velocity.exchange/ZEC-PE…
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The whitelist is off and I am going to bed.
jk
Trade on Velocity now, 2 bps fees for early users and earn 20% ref fee on anyone you bring in.
1/ The whitelist is off. Velocity Beta is now open to everyone.
wBTC, wETH, SOL, and USDT count as collateral in one account.
2 bps, the lowest tier we charge, for a limited time. Trade Now → velocity.exchange
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I love this trend. Women are not "selling their body". Yall are just salty and falling for bait.
Sponsors are still going to pay, thanks for the reach.
Go get the birkin bag
i'm selling my body.
following the @vanshuETH trend - pixel on my butt for token 2049 Singapore, oct 8th.
your brand on 13 spots of my dress:
- logo printed on the cloth on event day
- brand + link listed on ririfish.xyz
- posted on my X
spots are $350-$1,200, fixed price, usdc (base or arbitrum)
see a spot you want that's taken? pay 2x the last price and it's yours. previous buyer gets refunded.
sale locks sep 21, SGT
and don’t worry i have my supplied settle.
→ ririfish.xyz
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A personal note, not a Velocity update.
I had just moved to nyc when Drift got hacked, ready to take Drift and my career to the next level. Instead I spent five months in fight mode, on calls with partners, investors, traders and friends, some of whom lost everything, putting out fires every day and trying to get the exchange back up and get people to come back. I couldn't undo what happened, all I could do was tell people we weren't giving up and would keep finding a way forward.
There's a guilt that doesn't go away. People I talked to lost their jobs, their savings, everything they'd built, and I still have mine. That's why I'm not taking this job lightly.
Now the audit's done and we're live in beta. I know coming back is a hard ask for anyone who lost money on Drift and I don't blame anyone who says no, but I'm grateful to everyone who's said yes. I can't promise how fast recovery goes but we'll keep going.
Product ideas that generate revenue: DMs open. I'm left curved (our lawyers aren't)
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Tracy retweeted
Signed up for the Velocity Beta yet?
For a limited time only: 2 bps fees and a 20% referral bonus.
docs.google.com/forms/d/e/1F…
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169 days since $295M was drained from Drift.
Since then, we became Velocity, and we're launching with one rule: a majority of net protocol revenue goes to the recovery pool. Every trade on Velocity is a step toward making affected users whole. Volume here does something volume nowhere else does.
We want to win, and the only way we win is with you.
300+ beta testers are trading right now. Opening to everyone soon. Get in early: 2 bps fees and 20% on referrals.
Is it safe to trade here again? Read the audit, but tl;dr: OtterSec went through everything we built since April. 0 critical, all highs fixed. No single person can push a change to the protocol anymore, everything critical is time-locked and needs external signers. Code and report are both public.
To the team: 169 days, no corners cut. Thank you.
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