The Vault · 2026-04-03 19:26:57 · CoinDesk
Circle, the issuer of the USDC stablecoin, is facing pointed criticism from the crypto community following a $285 million exploit on the Solana-based Drift Protocol. Prominent on-chain investigator ZachXBT has alleged that faster action by Circle to freeze the stolen USDC could have significantly limited the losses. Th...
The Vault · 2026-04-16 19:52:40 · Protos
In a calculated move to challenge its rival's stronghold, stablecoin giant Tether has committed $127.5 million to bail out the hacked Solana exchange Drift Protocol. This intervention is not merely a rescue; it is a direct assault on Circle's USDC, which currently dominates the Solana ecosystem. The deal is contingent ...
The Vault · 2026-04-16 23:52:47 · Decrypt
The security breach at the Polkadot-Ethereum bridge protocol Hyperbridge has proven far more severe than first disclosed. The team has admitted that the actual losses from this week's hack total approximately $2.5 million—a figure ten times greater than their initial report. This dramatic upward revision shatters the e...
The Vault · 2026-04-17 02:22:21 · CoinTelegraph
Stablecoin giant Circle is now facing a direct legal challenge over its role in the aftermath of a major DeFi hack. A lawsuit accuses the issuer of USDC of aiding and abetting the conversion of stolen funds and negligence for not freezing approximately $230 million in assets stolen from the Drift Protocol in April. Thi...