JUST IN: Circle explains why it didn't freeze the USDC stolen in the Drift hack.


Circle says it didn't freeze the stolen USDC because it can only act on legal orders, not on its own initiative.
Critics say hundreds of millions of dollars were moved during the hack and that Circle should have intervened more quickly.
The USDC issuer argues that the real problem is slow legal frameworks and wants clearer rules for swift action.
USDC0.03%
DRIFT11.2%
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