Svmuu News: Jeremy Allaire, CEO of Circle, stated that the company will not freeze wallet assets unrelated to legal proceedings, in response to recent controversies surrounding the Drift attack incident.
Previously, the DeFi protocol Drift suffered an attack involving approximately $280 million. Some of the funds were reportedly transferred cross-chain into about $230 million worth of USDC, sparking discussions on whether the related assets should be frozen. Allaire pointed out that such operations involve a "moral dilemma," but in the absence of legal basis, Circle will not proactively freeze the related funds.
This incident had drawn criticism from industry insiders, including on-chain analyst ZachXBT, who argued that platforms should take more proactive fund control measures. (The Block)