Circle Hit With Class Action Suit Over $280M Drift Hack
- Posted on April 17, 2026
- By Cointelegraph
- 0 Views
In brief
Circle, a leading stablecoin issuer, faces legal action following a significant security breach that compromised approximately $280 million in USDC tokens connected to the Drift Protocol incident in early April. The class action lawsuit represents affected users seeking compensation for losses incurred during the exploit. This development highlights growing concerns about smart contract vulnerabilities and the responsibility of major cryptocurrency infrastructure providers in protecting customer assets from sophisticated cyber attacks.
Circle Hit With Class Action Suit Over $280M Drift Hack
Stablecoin issuer Circle has been hit with a class action over $230 million worth of USDC tied to the Drift Protocol hack on April 1.
