🌟 Circle Faces Class Action Lawsuit for Failing to Freeze $230M USDC in Drift Hack 🌟 Circle, the issuer of USDC, is facing a class action lawsuit in a Massachusetts federal court. The lawsuit alleges that Circle failed to promptly freeze approximately $230 million in USDC stolen from Drift Protocol, despite the funds having moved through CCTP for hours. 👉 According to the complaint, this delay enabled the hacker to easily transfer the assets, significantly undermining confidence in USDC and the cross-chain CCTP mechanism. Serious consequences: ✅ Drift Protocol plans to fully remove USDC and switch to USDT upon relaunch ✅ Sets a dangerous precedent for the entire Solana-based DeFi ecosystem, which heavily relies on USDC What do you think about USDC vs. USDT? Which one do you prefer for trading? Comment below!
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