Circle CEO Blames ‘Moral Quandary’ for Not Acting on $280M Drift Exploit

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News The stablecoin issuer Circle has doubled down on its defense against criticism for failing to act during an exploit that led to roughly $280 million in losses from the Solana-based Drift Protocol. This time, the company’s CEO, Jeremy Allaire, responded during a press conference in Seoul, South Korea, and cited a moral quandary. The chief executive insisted that Circle cannot decide which path is right or wrong and can only follow the rule of law when freezing wallets holding crypto assets. Because of the moral quandary, Circle could not quickly freeze the assets stolen from Drift Protocol. It is no longer news

Source: https://cryptopotato.com/circle-ceo-blames-moral-quandary-for-not-acting-on-280m-drift-exploit/