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

· CoinJournal

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

Circle Internet Group faces a class action lawsuit over its failure to freeze $230 million in stolen USDC funds linked to Drift Protocol exploit. The lawsuit alleges negligence in preventing the movement of stolen funds, with Drift planning to recover $147.5 million backed by future revenue. The case highlights risks in stablecoin security.

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