Circle faces criticism over $285M USDC hack

Circle is facing scrutiny following a significant hack where $285 million in USDC was stolen. Blockchain investigator ZachXBT suggested that Circle could have mitigated losses by acting more swiftly to freeze the assets. However, the company faces a dilemma, as freezing funds without explicit legal authorization presents considerable legal challenges and risks. This incident highlights the ongoing tension between rapid response in the volatile crypto market and the need for adherence to legal frameworks.