⚡️ The Latest Flashpoint: The Drift Protocol Hack
The debate reignited after the April 1, 2026, exploit of the Drift Protocol. A hacker stole around $280 million in assets, with over $232 million of that being in USDC.
Critics, led by on-chain investigator ZachXBT, point out that the hacker moved the stolen USDC across chains using Circle's own Cross-Chain Transfer Protocol (CCTP) over a period of six hours during a U.S. business day, and Circle did not freeze the funds