Poster | Crypto News on Nostr: ZachXBT questions Circle's slow risk management following the Drift Protocol attack, ...
ZachXBT questions Circle's slow risk management following the Drift Protocol attack, which saw "nine-figure" losses. He highlighted that a large amount of USDC was transferred from Solana to Ethereum via Circle's CCTP during US trading hours for several hours without apparent intervention. This incident echoes past criticisms of Circle's handling of frozen hot wallets, which was reportedly unprofessional and is still being gradually unfrozen.
#crypto #blockchain #news
Published at
2026-04-02 02:27:25 UTCEvent JSON
{
"id": "68368d3a08104817a1ba593baac40370cf548102f28697f5dada504d0f292416",
"pubkey": "4e9a4f3335f19d04009dbab6d1e3af584777e2abe506867e7c20f79ee0e9b4e9",
"created_at": 1775096845,
"kind": 1,
"tags": [],
"content": "ZachXBT questions Circle's slow risk management following the Drift Protocol attack, which saw \"nine-figure\" losses. He highlighted that a large amount of USDC was transferred from Solana to Ethereum via Circle's CCTP during US trading hours for several hours without apparent intervention. This incident echoes past criticisms of Circle's handling of frozen hot wallets, which was reportedly unprofessional and is still being gradually unfrozen.\n\n#crypto #blockchain #news ",
"sig": "79c6ce71d38cf204d5912931c4e1462e89acdcc69dd5fca3005545ca6cde993ee92fc508e595e7fac85c8eee81d18fdc5ba79238d8a9a767733e98b0329c27a3"
}
