Circle's CSO Dante Disparte explained that USDC freezing requires legal procedures, not arbitrary decisions, following criticism over the Drift Protocol incident involving $270 million in losses.
digitaltoday.co.kr · identified_as_competitor_of · 4 days ago
Zcash surged past $300 following US-Iran ceasefire news, with 28% weekly gains and $800M trading volume. Privacy coins rallied as Bitcoin recovered to $71,000, though sustainability concerns remain.
Stablecoin issuer Circle faces criticism for not freezing $232 million in stolen USDC faster during Drift Protocol hack, though legal constraints may have limited action.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.
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Frequently Asked Questions Regarding Drift Labs
Company Overview
2021
Founded
Internet Publishing
Industry
Panama
Location
1,402,571
Ranking
24 employees
Size
Similar Companies
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Frequently Asked Questions Regarding Drift Labs
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