ZachXBT once again criticizes Circle for inaction during the Drift hack incident, which allowed stolen funds to flow out of Solana via CCTP.

Odaily · 2026-04-02T02:08:56+00:00

Renowned on-chain investigator ZachXBT accused Circle of failing to act promptly during the Drift hack incident, which resulted in millions of USDC being transferred from Solana to Ethereum. At the same time, he criticized Circle for arbitrarily freezing corporate hot wallets, calling them industry bad actors.

Odaily

2026-04-02 02:08:56

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Odaily Planet Daily News reports that well-known on-chain investigator ZachXBT has once again posted a scathing attack on Circle, saying that the Drift hacking incident occurred during U.S. trading hours. Millions of USDC were transferred via CCTP (Circle’s cross-chain protocol) from Solana to Ethereum, yet Circle was asleep and took no action. A few days ago, Circle had also arbitrarily frozen at least 16 enterprise hot wallets, and those wallets are still slowly being unfrozen.

ZachXBT concluded by saying: “Circle is the industry’s bad actor.”

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