McCollum v. Circle Over USDC Transfers During Drift Exploit
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Circle · USDC stablecoin and cross-chain bridge · Ongoing Litigation
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About this case
A proposed class action alleges that Circle negligently and unlawfully assisted the conversion of assets stolen in the Drift crypto exchange exploit by failing to monitor or freeze USDC transferred through its cross-chain bridge during the attack. Joshua McCollum filed the case in the U.S. District Court for the District of Massachusetts, and the litigation is ongoing.
Case overview
- Defendant company
- Circle
- Product or service
- USDC stablecoin and cross-chain bridge
- Case name
- McCollum v. Circle
- Case status
- Ongoing Litigation
- Lawsuit type
- Consumer
- Reported harm
- Other
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Sources
Public reporting associated with this case.
- McCollum v. Circle Over USDC Transfers During Drift Exploit
American Banker ·