Stablecoin issuer Circle faces lawsuit over $280M Drift Protocol hack

Stablecoin issuer Circle faces lawsuit over $280M Drift Protocol hack

0.62%TRX$0.3252 0.01%LINK$9.41 1.46%ADA$0.255 2.27%BCH$449.77 1.56%XRP$1.43 1.71%ETH$2,326 1.39%BTC$74,635 0.33%XMR$344.81 0.59%BNB$629.33 0.80%XLM$0.1661 3.82%SOL$87.73 2.81%HYPE$43.29 3.57%USD Written by Brayden Lindrea,Staff WriterReviewed by Felix Ng,Staff EditorStablecoin issuer Circle faces lawsuit over $280M Drift Protocol hack2 hours agoCircle was accused of aiding and abetting the conversion of the stolen funds and negligence after it did not freeze funds stolen from the Drift Protocol in April. Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1. The lawsuit was filed by Drift investor Joshua McCollum on behalf of over 100 members in a US district court in Massachusetts on Wednesday, which accused Circle of allowing the attackers to transfer about $

Source: https://cointelegraph.com/news/circle-faces-class-action-lawsuit-after-drift-protocol-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound