Svmuu News: Renowned on-chain investigator ZachXBT has once again publicly criticized Circle, stating that the Drift hack occurred during US trading hours, with millions of USDC transferred from Solana to Ethereum via CCTP (Circle's Cross-Chain Transfer Protocol), while Circle was "asleep at the wheel" and took no action. Just days ago, Circle arbitrarily froze at least 16 corporate hot wallets, which are still in the process of being slowly unfrozen.
ZachXBT concluded by saying, "Circle is a bad actor in this industry."
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ZachXBT Slams Circle Again for Inaction in Drift Hack, Allowing Stolen Funds to Flow Out of Solana via CCTP
01/04/2026 21:53
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