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🚨 CRYPTO: CIRCLE RESPONDS TO $270M DRIFT EXPLOIT WITH POLICY STATEMENT ON USDC FREEZE POWERS@circle published a policy blog today responding to the $270 million Drift Protocol exploit that occurred on April 1, defending its $USDC freeze authority as a "compliance obligation" exercised only when "legally compelled by an appropriate authority, through lawful process." The post emphasized the freeze power is "not a backdoor" and "not algorithmic surveillance."The statement comes as the digital asset ecosystem ...