1. Circle Faces Class Action Over $285M Drift Protocol Hack, Accused of Failing to Freeze Stolen USDC
A class action lawsuit has been filed against Circle, the issuer of the USDC stablecoin, alleging a critical failure to act during the $285 million hack of the Solana-based trading platform Drift Protocol. The core allegation is that Circle had an eight-hour window to freeze the stolen USDC but did not do so, allowing ...