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New York, NY
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Max Burwick retweeted
What to know if you lost money on Drift
-- Attorney Advertising --
There is a class action involving the Drift hack. Here is what it does for you, what it does not, and what nobody has told you to do.
This is for anyone who had assets on Drift on April 1, 2026, or who held DRIFT tokens, wherever you live.
THE CLASS ACTION
In April 2026, a law firm filed a proposed class action against Circle, the issuer of USDC. The complaint alleges that Circle failed to freeze stolen funds after the Drift incident when it had the ability to do so. Many Drift users have heard about it and assume they are covered.
Here is what it is. It is a lawsuit against Circle. If a class is certified and you fall within it, you are a class member automatically unless you opt out. You do not choose the lawyers, the claims, the strategy, or the terms of any settlement. You may hear nothing for a long time.
Here is what it is not. It is not a lawsuit against Drift Labs, the Drift Foundation, or Drift's founders. It does not pursue your claims against the people who ran the platform where your money was. If you want those claims pursued, that is a separate matter, and it happens only if you make it happen. What the class action means for you personally is a question a lawyer can answer from your facts.
YOU MAY HAVE A CLAIM AGAINST THE PEOPLE WHO RAN DRIFT
A loss on a platform is not only a loss. It may also be a legal claim against the platform's operators. Whether you have one depends on your facts. Where you were. What you held. What you were told. What you lost. Most people never find out, because no one tells them to ask.
THE RECOVERY TOKEN
Drift's recovery token, DFX, opened for claims and redemption on October 1, 2026. To claim, you accept Drift's terms and approve a wallet transaction.
Interacting with that token may affect your legal claims. Claiming it means accepting Drift's terms. Redeeming it means accepting a payment from Drift, at a price determined by Drift's own formula, in a transaction that is final. Transferring it, or agreeing to anything connected to it, may matter as well. We are not telling you what to do with the token. We are telling you to find out what it may mean for you before you do anything with it.
DEADLINES
Legal claims against Drift are subject to statutes of limitations. How long you have depends on where you live and on the type of claim, and some periods are shorter than people expect. A lawsuit against Circle does not necessarily protect your claims against anyone else. Drift's own program has its own deadline. The entities involved are changing shape: Drift relaunched under a new name, Velocity, in July 2026, and has raised new financing.
None of this means you have to act today. It means you should know where you stand.
WHAT TO DO THIS WEEK
You can see your verified loss at dfxdotdriftdottrade without claiming anything. Connect the wallet you used with Drift and screenshot that page.
Save everything: your wallet addresses, your transaction history, emails from Drift, Discord and Telegram messages, and screenshots of anything Drift told you about safety, custody, or control of the protocol.
Do not accept terms, claim, redeem, transfer, or sign anything connected to DFX until you understand what it may mean for your claims.
If you want to know whether you have an individual claim against Drift and where it stands, email us at [email protected]. The review is free and confidential, and there is no obligation.
WHO WE ARE
Burwick Law is a consumer protection litigation firm in New York. We represent everyday people harmed in digital asset markets. We file lawsuits on behalf of our clients, and we are reviewing claims from Drift users wherever they live.
We work on contingency. There are no hourly fees and no retainer. We advance the costs of the lawsuit, and there is no fee unless there is a recovery. If there is no recovery, you owe us nothing. If we take your matter, our team does the investigation, the drafting, and the litigation. Your part is to tell us your story accurately, give us complete information, and approve your complaint before it is filed.
Burwick Law, PLLC, 43 W 43rd Street, Suite 114, New York, NY 10036. 646-762-1080. This post is general information, not legal advice about your situation. Contacting us does not create an attorney-client relationship, and the firm may decline any matter.
Annual Recurring Revenue is RECURRING only if it is annually collected, if not it is an accounting trick….like community based Ebitda….IYKYK…
Max Burwick retweeted
Lost Money on Polymarket's Zelenskyy Suit Market?
YOU may be entitled to compensation.
Polymarket traders who lost money in a Zelenskyy suit market may contact [email protected].
Attorney Advertising. Prior results do not guarantee a similar outcome.
Max Burwick retweeted
$295 MILLION GONE !!! DRIFT PROTOCOL !!!
If you lost money on the DRIFT PROTOCOL HACK last April, you can email us at [email protected].
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
Max Burwick retweeted
Burwick Law's RICO Claims Against Pumpfun Survive Motion to Dismiss
Burwick Law's civil RICO claims on behalf of two clients against the crypto memecoin platform Pumpfun and its co-founders have survived the defendants' motions to dismiss. On August 31, 2026, Judge Colleen McMahon of the Southern District of New York held in Aguilar v. Baton Corporation Ltd. that the complaint adequately alleges a racketeering enterprise, wire fraud based on Pumpfun's "fair launch" marketing, and operation of an unlicensed money transmitting business, and that the England-based platform and its founders can be sued in federal court in New York. The defendants were represented by Cahill Gordon & Reindel and Brown Rudnick.
The court dismissed the lawsuit's other claims, including those against the Solana defendants, but the RICO claims now proceed against Baton Corporation Ltd., Alon Cohen, Dylan Kerler, and Noah Tweedale on behalf of a proposed class of retail traders who the complaint alleges collectively lost between $4 billion and $5.5 billion on Pumpfun tokens.
This may be considered attorney advertising in some jurisdictions. Prior results do not guarantee a similar outcome.
Max Burwick retweeted
$254,562 lawsuit filed in New York against Polymarket over the 'MicroStrategy sells any Bitcoin by May 31' market.
The complaint alleges Polymarket rewrote the market's resolution rules after Strategy's own SEC filing confirmed the sale.
Attorney advertising.
Max Burwick retweeted
Did Polymarket treat you unfairly?
Burwick Law is investigating potential claims on behalf of Polymarket traders who lost money and believe they were treated unfairly by the platform. The firm is seeking to speak with Polymarket users who experienced issues involving disputed market outcomes, allegedly changed rules, delayed or unclear market clarifications, refused payouts, unexpected account restrictions, trading problems, or other conduct that caused financial loss.
Burwick Law recently filed a lawsuit against Polymarket, alleging that the platform failed to honor a market outcome after users allegedly held the correct side of a prediction market. The complaint alleges that Polymarket advertised itself as a truth-seeking, rules-based prediction market where correct outcomes are paid, but then resolved the disputed market contrary to the event allegedly confirmed by the designated source.
Burwick Law is encouraging Polymarket traders to preserve screenshots, transaction records, wallet addresses, market links, emails, support tickets, and any records showing their position, purchase price, market rules, clarifications, and final resolution.
Polymarket traders who lost money and believe they were wronged can contact: [email protected].
Attorney Advertising. Prior results do not guarantee future outcomes. Contacting the firm does not create an attorney-client relationship unless and until an engagement agreement is signed.
Max Burwick retweeted
1 month ago, Polymarket scammed me for $500K, with 1,868 traders losing a total of $6.5M.
Now we're taking Polymarket to court.
Max Burwick retweeted
Burwick Law has filed a federal class action against Iggy Azalea on behalf of MOTHER buyers.
The complaint alleges Azalea induced consumers to purchase MOTHER with promises of real-world utility that did not deliver as promised.
MOTHER is down 99.5% from ATH.
Max Burwick retweeted
Plaintiffs have filed proofs of service on defendant Ben Pasternak in Lee v. Pasternak, the federal consumer class action concerning the PASTERNAK, Launchcoin, and Believe tokens.
Max Burwick retweeted
We filed a federal class action in SDNY on behalf of our client against the creators of AI16Z and ELIZAOS, alleging consumer protection claims.
Case 1:26-cv-3238 SDNY
Remember NFTs?
Federal Class Action Lawsuit Against Opera Event, Community First Games, and Individual Founders on Behalf of Communi3 and Rifters NFT Purchasers Filed
Burwick Law has filed a class action lawsuit on behalf of Plaintiff Alex Orea in the United States District Court for the Southern District of New York against Opera Event, Inc., Community First Games, Brandon Byrne, Andrew Ringlein, Erik Bryant, Eddie Tsaio, and Matt Espinoza. The complaint alleges violations of California's Unfair Competition Law, California's False Advertising Law, and unjust enrichment. The lawsuit seeks restitution, disgorgement, and injunctive relief on behalf of a nationwide class.
According to the complaint, Defendants marketed Communi3 as a thriving enterprise software platform serving blue-chip clients including The Sandbox, Yield Guild Games, and Magic Eden, while selling a series of non-fungible token collections on the Solana blockchain tied to promises of a forthcoming cryptocurrency token called $SCI. The complaint alleges that Defendants told Mad Scientist NFT holders that ten percent of the $SCI token supply would be airdropped to them and projected a fully diluted market capitalization of $250 million to $500 million, with per-token prices of $0.25 to $0.50. The complaint further alleges that Defendants promised the $SCI token launch for Q3 2022, then December 2022, then Q1 2023, and that each successive promise served to keep investors from selling while Defendants continued collecting proceeds. The $SCI token was never launched and no airdrop was ever distributed.
The Communi3 platform launched in approximately 2021 as a pivot from Opera Event's original esports-focused software business. Defendants launched multiple NFT collections on the Solana blockchain between April 2022 and late 2023: Communi3: Laboratories (100 NFTs at approximately $100,000 each), Communi3: Mad Scientists (5,001 NFTs at 2 SOL each), Adorable Assistants, and Rifters: Exiles (7,037 NFTs at 10 SOL each). The complaint alleges that Defendants raised conservatively $6.5 million to $8 million or more in direct NFT mint proceeds. The complaint further alleges that Defendants promoted the project at NFT NYC 2022 in New York City, hosting an exclusive investor event and using the industry's flagship conference to reinforce the same representations they were disseminating through Discord, Twitter, and Medium. According to the complaint, in a June 2023 Discord exchange, Defendant Ringlein stated in substance that any investors who sued would be unable to recover against him because the Rifters entity had been organized in Panama and he was effectively judgment-proof. By early 2023, platform activity had ceased, the $SCI token had not launched, and the digital assets became effectively worthless.
Burwick Law is a crypto litigation firm representing over 4,000 clients nationwide in digital asset fraud, token loss, and memecoin class action matters. The firm is founded and led by Max Burwick, a U.S. Navy veteran and rescue swimmer. Burwick Law currently serves as lead counsel in several of the highest-profile crypto lawsuits in the country, including the Hawk Tuah meme coin case and a RICO lawsuit against Solana, memecoin launchpad Pumpfun, and their respective officers alleging they operated as an unregistered securities platform and illegal casino.
Burwick Law 1 World Trade Center, 84th Floor New York, NY 10007 BurwickDotLaw 646.762.1080
ATTORNEY ADVERTISING. Prior results do not guarantee a similar outcome. The allegations described above are allegations only and have not been proven in court. This communication is informational and does not constitute legal or investment advice.
Max Burwick retweeted
Our lawsuit alleging a $440M Ponzi scheme (TradeAI/Stakx) just survived a motion to dismiss before Judge Kaplan in SDNY.
The Court rejected every challenge and ordered the defendant to disclose his current address to our firm by March 31.
I’m not sure what emotions arose when I received the email earlier today with the link to this tweet.
It has been two years since me and thousands of others lost $400M to Staxx, TradeAI, and BeNFT.
My partner and I lost all our life savings, went bankrupt, fell into debt, and never recovered.
We gave up hope. I fell into addiction, depression, and mental exhaustion and lost everything. To top it off, it happened right around our wedding, and the deaths of my mom and my dad.
I think God and life put me through the hardest ride imaginable.
I lost everything and more, but I never stopped showing up.
I didn’t stop creating. I didn’t stop connecting. I didn’t stop hustling.
I wish this on no one—not even the people who wronged me.
I’m hopeful that justice will be served.
We may never recover financially, but at least we now have some hope and a reason to look forward to another day.
The Court has authorized us to serve lawsuits on defendants in an alleged $440M ponzi scheme to their ETH wallets, along with email, social media DMs, and other digital means.
The case will now move forward after a year-long delay caused by these foreign defendants' efforts to conceal their identities. (Adams v. Gharib, No. 24-cv-09378 (S.D.N.Y.))


































