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

· Decrypt

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

Circle is facing a class action lawsuit over a $285 million hack of the Drift Protocol. The lawsuit claims Circle failed to freeze stolen USDC during an eight-hour window, allowing hackers to transfer funds from the compromised trading platform. This incident raises concerns about security measures in the crypto industry.

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