Circle Explains Why It Didn’t Freeze Stolen USDC in the $275 Million Drift Hack

Circle’s Chief Strategy Officer Dante Disparte published a direct defense of the company’s authority to freeze USDC (USDC), naming the $270 million Drift Protocol exploit as the catalyst. The blog post and a separate X statement followed weeks of criticism from onchain investigator ZachXBT, who accused Circle of inaction while stolen funds moved through its