The Block

Circle faces class action lawsuit over alleged inaction in $280 million Drift exploit

A class action lawsuit has been filed against Circle by the law firm Gibbs Mura. The suit alleges that Circle failed to take prompt action to freeze the USDC funds that were stolen during the $280 million Drift exploit.

Read the full article on The Block

Opens in a new tab. Cointrackx tracks this click for statistics.

Partner

Sponsored • Award Winner

Finst named Best Crypto Platform 2025

Awarded the IEX Golden Bull for security, costs, and selection.

Free €20,- Bitcoin

Related news

CryptoSlate

Cardano shifts $26M to USDCx as bridge controls freeze payouts

CryptoSlate

Cardano governance hits a wall as treasury reaches 91% cap

CryptoSlate

OpenAI’s rogue crypto agent spent funds without permission, exposing risks to autonomous wallets