Reflect

Reflect, a Solana-based yieldcoin protocol, faced severe backlash following the April 2026 Drift Protocol exploit that wiped out USDC+ holdings. Users allege deliberate misrepresentation of the product as low-risk and diversified, deletion of 'INSURED' claims, and inadequate communication and compensation plans in the aftermath. The protocol has been accused of pivoting to new products while affected users face years-long recovery timelines with minimal transparency, and of refusing to acknowledge the complete loss of user funds.