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.
Solana-based DeFi platform Drift Protocol suffered a $280M hack through compromised security council admin privileges. Analysis suggests North Korean-linked hackers used Tornado Cash and pre-signed transactions.
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.