Crypto
Drift $285 million hack sparks dispute over Circle USDC freeze authority
A $285 million hack of Drift has fuelled debate over whether Circle should have acted more aggressively to block fund movements, CoinDesk reported on Thursday. Blockchain security firm PeckShield said the attacker stole about $71 million in USDC, converted most assets into USDC and used Circle\'s cross-chain transfer protocol to move $232 million worth of USDC from Solana to Ethereum, complicating recovery efforts.
