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Class action sues Circle for not freezing $230M stolen in Drift Protocol $280M crypto hack

Market News
17 Apr 2026
Blockonomi
View Source
Bearish
pluang ai news

A class action lawsuit filed in Oakland accuses Circle Internet Financial of failing to intervene during the $280 million Drift Protocol hack on Solana in April 2026. Attackers moved about $230 million through Circle’s USDC and Cross-Chain Transfer Protocol (CCTP) bridge without effective disruption, despite Circle’s alleged ability to freeze or restrict these transactions. The stolen funds were routed from Solana to Ethereum to obscure trails, complicating recovery efforts. The lawsuit seeks damages for affected investors and questions whether earlier freezing of assets could have limited losses.

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