Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal authorization carries legal risks. After exploiting crypto protocol Drift, the attacker moved about $232 million in USDC from Solana to Ethereum using Circle’s cross-chain transfer protocol. Critics like blockchain investigator ZachXBT said Circle could have moved faster to blacklist wallets and freeze funds. But freezing assets without authorization could carry…
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