[Reflect Announces Recovery Plan for USDC+ Position Holders Affected by Drift Hack Incident] BlockBeats News, July 2: The stablecoin protocol Reflect, backed by a16z, announced the launch of an independent voluntary recovery plan for USDC+ position holders affected by the Drift (now Velocity) hack incident in April. Starting today, a 180-day window is open for holders to voluntarily sell their positions to Palindrome Engineering at a price of 0.20 USDC + 80 Reflect Credit (RC) per unit, with settlement conducted entirely on-chain. This plan is pre-funded by Palindrome and is completely independent of Drift's recovery process. Participation requires waiving claims against Drift in exchange for immediate and certain liquidity; non-participants can still support Drift's DFX recovery channel. [Original Link]