ZachXBT Calls Out Circle Again: Accuses It of 'Slow Response' in Drift Hack Incident

BlockBeats News, April 2nd, on-chain sleuth ZachXBT posted accusing Circle of not taking timely action during the Drift attack, stating that during the US trading hours, tens of millions of USDC were transferred from Solana to Ethereum via a cross-chain protocol, with "no intervention for hours."

He also mentioned that the funds in question have been successfully transferred, and that Circle "once again took no action." Furthermore, ZachXBT pointed out that Circle had previously mistakenly frozen over 16 business hot wallets, which are currently being gradually unfrozen. ZachXBT further called out Circle and its CEO Jeremy Allaire, stating that their actions have had a negative impact on the industry.