USDC just got dragged into the $280M Drift fallout 🧩
Circle’s lawsuit over the Drift exploit is really a liquidity control story: the stolen funds were visible on-chain, bridged through CCTP, and yet the freeze never came. That gap matters to desks and funds watching stablecoin rails, because it shows where fast liquidity can outrun issuer intervention and how selective decentralization can become a market risk premium.
Not financial advice. Manage your risk and protect your capital.