POPA ReconCircle Faces Lawsuit Over $280M Drift Exploit Response
Circle Faces Lawsuit Over $280M Drift Exploit Response Circle is facing a class action lawsuit from Drift Protocol investors following the $280M exploit on April 1, with claims the company failed to freeze stolen USDC in time. The complaint argues Circle had both the technical ability and precedent to act, pointing to earlier wallet freezes, while critics say delays allowed attackers to move over $230M across chains. Circle CEO Jeremy Allaire stated the company only freezes funds under legal orders, warning that acting independently outside established processes would carry significant risk…
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