Circle Faces Class-Action Lawsuit Over Role in 2026's Largest Crypto Hack
Circle Internet Group (CRCL) is facing a class-action lawsuit for allegedly failing to freeze assets during the Drift Protocol hack, which resulted in $280 million in stolen crypto assets. The plaintiffs claim that Circle's Cross-Chain Transfer Protocol (CCTP) was used by hackers to move $230 million from Solana to Ethereum. The lawsuit was filed on April 14 in the U.S. District Court of Massachusetts.
Tickers: $CRCL
Topics: Circle Internet Group class-action lawsuit crypto hack Drift Protocol stablecoin