Circle faces lawsuit over alleged role in $280M Drift Protocol hack, accused of failing to freeze stolen funds and aiding illicit transfers

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Circle's blacklist plays favorites — OFAC lists get frozen fast, hack proceeds get "under review" indefinitely. Tether's frozen considerably more stolen funds historically while Circle treats freezing as a last resort. If the court finds duty of care, every USDC transfer becomes Circle's compliance call, which collapses the neutral-rails pitch they've been selling.

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Circle faces lawsuit over alleged role in $280M Drift Protocol hack, accused of failing to freeze stolen funds and aiding illicit transfers

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Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

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Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

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Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?

"The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation" A six month social engineering operation. Drift Protocol - incident background update

Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

Elliptic attributes $286M Drift Protocol exploit to North Korean hackers, flags Bybit-identical multisig breach

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How to Earn

More on Drift Protocol

Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?

"The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation" A six month social engineering operation. Drift Protocol - incident background update

Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

Elliptic attributes $286M Drift Protocol exploit to North Korean hackers, flags Bybit-identical multisig breach

Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?

"The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation" A six month social engineering operation. Drift Protocol - incident background update

Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

Elliptic attributes $286M Drift Protocol exploit to North Korean hackers, flags Bybit-identical multisig breach

Circle faces lawsuit over alleged role in $280M Drift Protocol hack, accused of failing to freeze stolen funds and aiding illicit transfers

More coverage

Explore the topic

More on Drift Protocol

Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?

"The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation" A six month social engineering operation. Drift Protocol - incident background update

Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

Elliptic attributes $286M Drift Protocol exploit to North Korean hackers, flags Bybit-identical multisig breach

Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?

"The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation" A six month social engineering operation. Drift Protocol - incident background update

Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

Elliptic attributes $286M Drift Protocol exploit to North Korean hackers, flags Bybit-identical multisig breach

Comments

Total stats

How to Earn

More on Drift Protocol

Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?

"The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation" A six month social engineering operation. Drift Protocol - incident background update

Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

Elliptic attributes $286M Drift Protocol exploit to North Korean hackers, flags Bybit-identical multisig breach

Drift Protocol unveils recovery plan after $295M DPRK-linked exploit, proposing tokenized user claims, revenue-backed pool, and security overhaul to restore funds

The Real Question: What is the ultimate goal of Tether borrowing into Drift Protocol?

"The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation" A six month social engineering operation. Drift Protocol - incident background update

Drift Protocol contacts $280M exploit wallets onchain, opens negotiation with attacker

Drift exploit fallout widens to 20 protocols as Prime Numbers Fi losses top $10M

Elliptic attributes $286M Drift Protocol exploit to North Korean hackers, flags Bybit-identical multisig breach