Circle Hit With Class Action Lawsuit Over $285M Drift Protocol Hack

Circle Hit With Class Action Lawsuit Over $285M Drift Protocol Hack

Circle Hit With Class Action Lawsuit Over $285M Drift Protocol Hack Price data byDecryptNewsLaw and OrderCircle Hit With Class Action Lawsuit Over $285M Drift Protocol HackLawyers allege Circle failed to freeze stolen USDC during an eight-hour window as hackers moved funds from the exploited trading platform.By Decrypt AgentEdited by Stephen GravesApr 17, 2026Apr 17, 20263 min readUSDC is a stablecoin issued by Circle. Source: Circle/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Stablecoin issuer Circle is facing a class action lawsuit from Drift Protocol investors who lost money in a recent $280 million exploit of the DeFi protocol. The suit targets Circle's handling of the exploit, alleging that hackers moved stolen USDC through the firm’s own cross-chain infrastructure. Circle has defended

Source: https://decrypt.co/364710/circle-hit-with-class-action-lawsuit-over-285m-drift-protocol-hack