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

MarsBitNews · 2026-04-02T02:14:38+00:00

Renowned on-chain investigator ZachXBT accused Circle of slow response during the Drift hack incident, noting that millions of USDC were transferred across chains via CCTP without any action taken. He also mentioned that Circle had arbitrarily frozen multiple corporate hot wallets, reflecting improper conduct within the industry.

MarsBitNews

2026-04-02 02:14:38

Abstract generation in progress

Mars Finance news: well-known on-chain investigator ZachXBT has once again posted a scathing message targeting Circle, saying the Drift hacker incident occurred during U.S. trading hours, with millions of USDC moving from Solana to Ethereum via CCTP (Circle’s cross-chain protocol), while Circle was asleep and taking no action. A few days ago, Circle had also casually frozen at least 16 corporate hot wallets, which are still slowly being unfrozen. ZachXBT concluded by saying: “Circle is the industry’s bad actor.”

USDC-0.01%

ETH-3.5%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.