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Circle Sued for Failing to Freeze $230M in USDC After Drift Hack

By https://coinpedia.org/ on April 17, 2026

The post Circle Sued for Failing to Freeze $230M in USDC After Drift Hack appeared first on Coinpedia Fintech News Circle has been hit with a class-action lawsuit in Massachusetts alleging it failed to freeze nearly $230 million in USDC linked to the April 1 Drift Protocol breach, in which about $280 million was stolen. The complaint claims the funds were transferred across chains for hours without being frozen, even though Circle reportedly had the …

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