logo

Circle responds to the Drift theft incident: USDC freezing must be enforced according to the law, calling for accelerated cryptocurrency legislation and improvement of security mechanisms

By: rootdata|2026/04/10 22:42:01
0
Share
copy
when-vipwhen-vip

Circle Chief Strategy Officer Dante Disparte published a response regarding the over $270 million theft incident involving Drift Protocol. Disparte stated that Circle only freezes USDC when legally mandated to do so, and this is not a unilateral decision, nor is it a backdoor or algorithmic monitoring. This reflects the rule of law in internet-native financial activities.

He pointed out that the core issue facing open systems is that the legal framework's response speed lags behind technological development. Protocols, wallets, exchanges, and stablecoin issuers should regard security and accountability as a shared obligation, and DeFi protocols can develop on-chain technical protection measures by referencing the circuit breaker mechanisms of traditional markets.

He also called for the legislative processes of the U.S. GENIUS Act and CLARITY Act to incorporate due process, property rights, and financial privacy protection standards into law before the next major security incident occurs.

-- Price

--

You may also like

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

00:42

Time: The address marked as "BLESS Whale" received 99.9 million BLESS from the Null Address

According to Arkham monitoring, the Null address (0x000...000) recently transferred a total of 99.9 million BLESS to the address 0xa6a...1323 through minting, worth approximately $654,800. This token directly originates from the initial minting.On-chain data shows that the receiving address has freq...
00:42

Data: In the past 24 hours, the total liquidation across the network was 173 million USD, with long positions liquidated at 107 million USD and short positions liquidated at 66.0149 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $173 million, with long positions liquidated at $107 million and short positions liquidated at $66.0149 million. Among them, Bitcoin long positions were liquidated at $12.5968 million, Bitcoin short posit...
23:42

Foreign media: The second round of negotiations between Iran and the United States is scheduled for April 27

According to Jinshi, citing New Delhi Television, the second round of negotiations between Iran and the United States is scheduled to be held on April 27.
23:42

USDD 2.0 deposit mining activity launched

According to official news, the USDD 2.0 supply mining phase 17 has now launched on the JustLend DAO platform.This event starts on April 25, 2026, at 20:00 (Singapore time) and ends on May 23, 2026, at 19:59:59 (Singapore time), with a dynamically adjusted annualized yield of approximately 4.25%. Re...
23:42

Data: In the past 24 hours, the entire network has liquidated $185 million, with both long and short positions being liquidated

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $185 million, with long positions liquidated at $104 million and short positions liquidated at $81.51 million.The liquidation amount for BTC reached $14.4255 million, and for ETH, it w...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com