Circle Internet Group faces class action over failure to stop Drift Protocol exploit funds

Circle is accused of failing to freeze exploit-linked transfers. Approximately $230 million in stolen funds was routed through Circle’s USDC. Drift plans $147.5 million recovery backed by future revenue. Circle Internet Group, the issuer of the USDC stablecoin, is facing a class action lawsuit over its alleged failure to stop the movement of stolen funds […] The post Circle Internet Group faces class action over failure to stop Drift Protocol exploit funds appeared first on CoinJournal.