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BitcoinCrypto markets are facing sharper questions about legal accountability after major exploits exposed weaknesses beyond the hacked platform itself. A class action filed April 14 focuses on whether Circle Internet Financial had a duty to act after the April 1 Drift Protocol breach, centering on alleged failures related to USDC…
Crypto newsA new class action lawsuit filed in a U.S. district court in Massachusetts has put Circle under legal scrutiny over its response to the movement of stolen USDC following the Drift Protocol hack. Allegations over $230 million in post-exploit USDC transfers According to court filings, Drift investor Joshua McCollum is…
BlockonomiCircle Internet Group is facing a class action lawsuit after a reported $280 million exploit of Drift Protocol on April 1, according to the complaint filed in Massachusetts district court by investor Joshua McCollum on behalf of more than 100 members. Allegations tied to a $230 million USDC transfer The…
CoinpaperCircle Internet Group is facing a proposed class action in the United States after investors linked to Drift Protocol alleged the company did not act quickly enough during an exploit that led to losses of approximately $280 million. Allegations in the proposed class action The lawsuit was filed in a…
CointelegraphAt least 12 decentralized finance (DeFi) protocols and crypto businesses have been attacked in just over two weeks following the $280 million Drift Protocol exploit on April 1. The incidents since the start of April include CoW Swap, Hyperbridge, Bybit, Dango, Silo Finance, BSC TMM, Aethir, MONA, Zerion, and, most…
BlockonomiA class action lawsuit filed in Oakland targets Circle Internet Financial over its role in the April 1, 2026 Drift Protocol hack, which drained roughly $280 million in digital assets. The plaintiffs allege that attackers moved about $230 million through USDC and Circle’s CCTP bridge without effective intervention, seeking damages…
CointelegraphCircle Internet Group is facing a class action lawsuit led by Drift investor Joshua McCollum in a U.S. district court in Massachusetts. The complaint, filed Wednesday on behalf of more than 100 members, alleges that Circle allowed attackers to transfer about $230 million worth of USDC from Solana to Ethereum…
DecryptNorth Korea’s hacking campaign has kept the crypto industry on high alert for years, but the Ethereum Foundation says the momentum could shift within months after the completion of a six-month security effort. Ethereum Foundation program targets DPRK-linked activity In a blog post published on Thursday, the Swiss nonprofit said…