X @Wu Blockchain

Circle Sued Over $230M Drift Hack, USDC Freeze FailureCircle faces a class action lawsuit over its failure to freeze funds stolen in the ~$280 million Drift Protocol exploit on April 1; investor Joshua McCollum, representing over 100 investors, filed the case in a Massachusetts district court, alleging Circle allowed attackers to move about $230 million in USDC from Solana to Ethereum via its CCTP over several hours without intervention, constituting aiding and abetting conversion and negligence; Drift is e ...