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

· Cointelegraph

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

Circle faces a lawsuit over a $280 million hack of Drift Protocol, accused of aiding the theft by not freezing stolen funds in April. The case highlights legal risks for stablecoin issuers involved in hacks and the importance of security measures in DeFi. The lawsuit could impact Circle's reputation and regulatory scrutiny.

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