Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC

Burns Brief

Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal authorization carries legal risks The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.