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Circle hit with class action lawsuit over alleged inaction in $280 million Drift exploit

· The Block

Circle hit with class action lawsuit over alleged inaction in $280 million Drift exploit

Circle faces a class action lawsuit over its alleged slow response to the $280 million Drift exploit, which involved USDC. The lawsuit claims Circle failed to freeze stolen USDC promptly, raising concerns over security and user protection in stablecoin management. The case highlights ongoing risks in crypto security.

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Circle hit with class action lawsuit over alleged inaction in $280 million Drift exploit — Chainshorts | Chainshorts