ZachXBT Criticizes Circle: Accuses Slow Response During Drift Hack Incident

AirdropBlackHole · 2026-04-02T06:32:15+00:00

ZachXBT accused Circle of inaction during the Drift attack, where USDC worth millions was transferred without intervention. He criticized Circle for previously freezing hot wallets and claimed their actions harm the industry.

AirdropBlackHole

2026-04-02 06:32:15

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On April 2, on-chain detective ZachXBT accused Circle of failing to take timely action during the Drift attack incident, stating that during U.S. trading hours, tens of millions of dollars worth of USDC were transferred from Solana to Ethereum via cross-chain protocols, “continuing for hours without intervention.” He also mentioned that the related funds had completed their transfer, and Circle “once again took no action.” Additionally, ZachXBT pointed out that Circle had previously mistakenly frozen over 16 business hot wallets, which are still being gradually unfrozen. ZachXBT further named Circle and its CEO Jeremy Allaire, claiming their actions have a negative impact on the industry.

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