U.S. law firm launches a collective lawsuit investigation into the Drift theft incident, targeting Circle for not freezing the funds
Odaily reports that the US law firm Gibbs Mura has officially launched a class action investigation into the Drift Protocol theft incident, involving approximately $280 million to $285 million in funds. It is reported that over $230 million in USDC was transferred to Ethereum via Circle's Cross-Chain Transfer Protocol (CCTP). Gibbs Mura believes that although Circle possesses the technical capability to freeze funds, it did not take freezing actions during this attack. The firm is currently evaluating whether investors can make claims against Circle for "failure to intervene in a timely manner," "insufficient monitoring," and "failure to fulfill stablecoin responsibilities." They are also urging affected users to participate in the lawsuit to facilitate fund recovery. (Businesswire)
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