Ongoing Litigation
Ongoing Litigation
Circle Faces Class Action Over Drift Protocol Exploit
Circle · USDC and Cross-Chain Transfer Protocol
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 updates and reports
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Sources and links
Circle Faces Class Action Over Drift Protocol ExploitCointelegraph · Published
Class Action Against Circle Over USDC Transfers Linked to Drift ExploitCryptoPotato · Published
Circle Class Action Over USDC Transfers Following Drift Protocol HackNASDAQ Stock Market · Published
Circle Class Action Following Drift Protocol HackCrypto Briefing · Published
Circle Class Action Lawsuit Over Drift Hack FundsAMBCrypto · Published
Circle USDC Drift Hack Class ActionCCN - Capital & Celeb News · Published
Circle Class-Action Lawsuit Over USDC Handling of Drift Protocol HackCoingape · Published
Circle Drift Protocol Hack Class ActionCrypto Briefing · Published