Friday, April 3, 2026

Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC

Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal authorization carries legal risks.

source https://www.coindesk.com/business/2026/04/03/circle-under-fire-after-usd285-million-drift-hack-over-inaction-to-freeze-stolen-usdc

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Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC

Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal autho...