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Circle Drift Protocol Hack Class Action

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Circle · Circle Cross-Chain Transfer Protocol (CCTP) · Ongoing Litigation

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About this case

A California-based legal group reportedly filed a class action lawsuit against Circle, alleging that the company aided hackers and had a duty to freeze USDC allegedly moved through its Cross-Chain Transfer Protocol after the Drift Protocol exploit. The suit claims Circle should be liable for investor losses; the article states that Circle is defending its position in court.

Case overview

Defendant company
Circle
Product or service
Circle Cross-Chain Transfer Protocol (CCTP)
Court case number
1:26-cv-11733
Case status
Ongoing Litigation
Lawsuit type
Other
Reported harm
Other

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Sources

Public reporting associated with this case.