ZachXBT: Circle failed to act during Drift hack USDC swap

On-chain analyst ZachXBT, known for exposing misconduct, alleged on X that USDC issuer Circle took no action as millions of dollars were swapped from Solana to Ethereum via its Cross-Chain Transfer Protocol (CCTP) during the multimillion-dollar Drift hack. He stated that the money was simply moved without any intervention from the company. ZachXBT contrasted this inaction with Circle's alleged unfair freezing of exchange wallets just days earlier, describing the company as a negative influence on the industry. On March 26, ZachXBT had previously claimed that Circle unfairly froze 16 hot wallets connected to exchanges and online casinos.