Circle Explains Why It Didn’t Freeze Stolen USDC in the $275 Million Drift Hack
BeInCrypto
Circle states it only freezes USDC under legal compulsion, responding to criticism regarding its inaction during the $275 million Drift Protocol hack.Summary
Circle Chief Strategy Officer Dante Disparte clarified that the company does not unilaterally freeze USDC assets. Responding to criticism from investigator ZachXBT regarding the $275 million Drift Protocol hack, Disparte explained that Circle only acts when mandated by law or formal legal processes to avoid arbitrary interference. He advocated for new regulatory frameworks, such as the GENIUS and CLARITY Acts, to enable faster, legally authorized responses to crypto thefts.
(Source：BeInCrypto)