🐦 Circle is not handling it well



On-chain detective ZachXBT accused Circle (issuer of USDC) of failing to respond to the Drift hack.

— Over $230 million USDC moved via CCTP (Solana → Ethereum)

— 100+ transactions

— Funds moved for hours without any reaction

— It took Circle 6 hours to start freezing

Previously, the company mistakenly froze 16+ wallets, which are still gradually being unfrozen.
USDC-0,01%
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