U.S. law firm Gibbs Mura has launched a potential class action investigation into the April 1st hack of Drift Protocol, which resulted in approximately $280 million in losses. The investigation focuses on whether Circle failed to promptly freeze over $230 million in USDC that attackers transferred cross-chain via CCTP. Gibbs Mura is currently gathering information from affected investors to assess potential claims against Circle for not intervening during the incident.
Gibbs Mura Investigates $280M Drift Protocol Hack, Eyes Circle's Role
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