Analyst Defends Circle’s No-Freeze Stance on $280M Drift Hack Funds

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 bad press facing stablecoin issuer Circle, following the $280 million exploit on the Solana trading protocol Drift, has gone up a notch after a California-based legal group filed a class action lawsuit against it, alleging it stood by while North Korea-linked hackers moved millions in stolen USDC through the firm’s own bridge, making it liable for investor losses from the attack. However, an analyst just made a case that Circle’s hands-off approach wasn’t negligence but rather the only way it could preserve the foundational principles that make USDC viable for institutional use. Responding to a wave of ang

Source: https://cryptopotato.com/analyst-defends-circles-no-freeze-stance-on-280m-drift-hack-funds/