Circle Breaks Silence on $270 Million Drift Exploit
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North Korean group UNC4736 stole $270 million from Drift Protocol on April 1 in USDC.
Circle says USDC freezes only occur under legal compulsion never unilateral discretion.
It warns legal frameworks for rapid intervention do not yet match the speed of threats.
When North Korean state-affiliated hackers stole roughly $270 million from Drift Protocol on April 1, converting a significant portion into USDC and bridging it through Circle’s own Cross-Chain Transfer Protocol, the quest
Circle says USDC freezes only occur under legal compulsion never unilateral discretion.
It warns legal frameworks for rapid intervention do not yet match the speed of threats.
When North Korean state-affiliated hackers stole roughly $270 million from Drift Protocol on April 1, converting a significant portion into USDC and bridging it through Circle’s own Cross-Chain Transfer Protocol, the quest
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