Solana co-founder toly noted that the industry needs a stablecoin that can only be frozen under a court order, opposing other freeze factors. He suggested that the protocol issue a stablecoin with custom freeze strategies on the base layer and strengthen security measures. This view stems from a recent response by Circle to the Drift protocol hack incident, sparking discussions about centralized stablecoins.

Circle CEO Jeremy Allaire addressed criticism at a news conference regarding the previously unfrozen stolen USDC, emphasizing that the company will only freeze wallets under law enforcement instructions. In addition, he said Circle is in communication with U.S. lawmakers, hoping to establish a “safe harbor” mechanism for stablecoin issuers.

Circle’s Chief Strategy Officer Dante Disparte responded to the Drift Protocol theft incident, emphasizing that freezing USDC is being carried out according to law, calling for stronger coordination between law and technology, and suggesting that DeFi protocols should draw on protection mechanisms from traditional markets to advance legal protection of property rights and financial privacy.

U.S. law firm Gibbs Mura initiates a class-action investigation into the Drift Protocol theft incident, involving an amount of approximately $280 million to $285 million. The law firm said that Circle did not freeze the stolen funds in a timely manner, and urged affected users to join the lawsuit to recover their losses.

DRIFT (Drift Protocol) recently saw large fluctuations. The price rose from $0.0386 to a high of $0.167, up 115.72% within 24 hours. This decentralized exchange is built on Solana and offers multiple trading products and high yield rates. Despite experiencing a security incident of about $285 million, market expectations for a fix improved, selling pressure from holders eased, and liquidity became concentrated on major exchanges.

Gate News update: On April 8, Drift Protocol posted an update on the incident response process for the hack. Drift said that it is currently actively working with asymmetric research and OtterSec to develop a coordinated and aligned recovery plan. At this stage, the primary focus is to stabilize the situation and provide protocol-level assurances for all affected users and partners. In addition, Drift will participate in a security mechanism under the Solana Foundation.

Gate News message, April 7, Arkham monitoring shows that the exploiter behind the Drift protocol has just transferred $14.8k worth of SOL to a new wallet.

Attorney Ariel Givner said that the 280M-dollar attack incident involving the Drift Protocol, which resulted from failing to follow basic security procedures, could amount to civil negligence. The attacker, after 6 months of planning, used a trusting relationship to steal the developers’ devices; there is already a class-action lawsuit advertisement targeting Drift circulating.

Gate News update. According to a message on the X platform, the initial investigation into the Drift hacker attack indicates that members of the project team had previously been approached in person by North Korean intermediaries at a cryptocurrency industry conference. The investigation also reveals that there was in-person contact between the attacker and the team members.

Gate News message, on April 4, according to monitoring by Onchain Lens, since the security incident involving Drift Protocol, wallet addresses associated with its team have transferred 56.25 million DRIFT tokens, worth about $2.44 million, to a certain CEX and Gate.