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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!Stablecoin issuer Circle faces lawsuit over $230M Drift Protocol hack Circle Internet Gr

Stablecoin issuer Circle faces lawsuit over $230M Drift Protocol hack


Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1.

The lawsuit was filed by Drift investor Joshua McCollum on behalf of over 100 members in a US district court in Massachusetts on Wednesday, which accused Circle of allowing the attackers to transfer about $230 million worth of $USDC ($USDC) from Solana to Ethereum via Circle’s Cross-Chain Transfer Protocol (CCTP) over several hours without intervention.

“Circle permitted this criminal use of its technology and services,” attorneys representing McCollum wrote, adding: “These losses would not have occurred, or would have been substantially reduced, had Circle taken timely action.”

The suit accuses Circle of aiding and abetting conversion as well as negligence. Mira Gibb, the law firm representing McCollum and other Drift investors, is seeking damages, with the final amount to be determined at trial.

The case touches on a legal grey area around crypto companies that retain control over user funds. While such companies may have the technical ability to intervene or freeze assets, they often cite regulatory constraints or the lack of immediate legal authority as reasons for inaction — leaving accountability unclear as exploits unfold in real-time.

Source: James Seyffart

McCollum’s lawyers pointed out that Circle froze 16 $USDC wallets in connection with a sealed US civil case about a week before the Drift incident to argue that Circle had the technical capacity to do the same.

Cointelegraph reached out to Circle for comment, but didn’t receive an immediate response.

Crypto analytics firm Elliptic suspected the exploit was committed by North Korean state-backed hackers, who made over 100 transacti

Stablecoin issuer Circle faces lawsuit over $230M

WAR: Geopolitical Meme Coin on Solana

#Key Insights The TAO token of Bittensor falls over 20% post-exit of Covenant AI, citing governance issues. Fears of centralization impact the sentiment of the crypto market negatively. Currently, TAO

#Key Insights The TAO token of Bittensor falls over 20% post-exit of Covenant AI, citing governance issues. Fears of centralization impact the sentiment of the crypto market negatively. Currently, TAO is testing the $250-$263 support level, which requires a recovery above $280. Price Plunge for TAO Due to Governance Issues The native coin of Bittensor named TAO fell dramatically by more than 20% to reach approximately $273. This dramatic price plunge came as a rude shock to many traders after witnessing steady gains by the token. The reason behind this selloff could be the unexpected departure of Covenant AI from the Bittensor network. Although departures happen all the time in blockchain projects, the reason why this departure became noteworthy was due to the substantial reputation that Covenant AI holds in the ecosystem. Changes in Market Sentiment Happen Quickly The news about Covenant AI being accused spread quickly throughout cryptocurrency circles, leading to a swift change in market sentiments. Investors who used to consider Bittensor a potential decentralized AI platform started rethinking the possible dangers related to governance transparency and sustainability in the long run. Apart from damaging the reputation of the project, the departure of Covenant AI also led to negative changes in terms of finances. The organization is said to have liquidated a significant number of TAOs, putting additional pressure on the already falling price of the asset. Moreover, as soon as traders saw how Covenant AI sold its tokens, they rushed to do the same to avoid losses. Thus, the market sentiment worsened quickly. The governance mechanism of Bittensor was accused of centralization and failing to distribute governance among many members of the network. Liquidity Puts Downward Pressure on TAO Price This led to massive selling by leveraged investors whose trades depended on further increases in the price. Their exits accelerated the downward trend. In other words, forced l

Key Insights The TAO token of Bittensor falls over

WL: Ethereum L2/Sidechain

Grayscale Predicts Elon Musk’s X Could Use Crypto to Power Next Wave of Financial Ecosystems Grayscale forecasts crypto will underpin the next wave of consumer finance as platforms evolve into unified

Grayscale Predicts Elon Musk’s X Could Use Crypto to Power Next Wave of Financial Ecosystems

Grayscale forecasts crypto will underpin the next wave of consumer finance as platforms evolve into unified ecosystems. Elon Musk’s X is positioned to benefit, with smart cashtags and planned payments signaling growing momentum for deeper digital asset integration.



Grayscale Predicts Elon Musk’s X Could Use Crypto

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the price of Dogecoin (DOGE) has seen notable fluctuations, reflecting both market reactions and external influences. The candlestick data indicates a high of $0.099842* * and a low of $0.094406, with

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especially if traders believe a stabilization in the region could bolster the demand for digital currencies. Speculative Trading: Given the volatility seen in recent trading, there may be opportunitie

edgeX: Sub-10ms Global DeFi Layer

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano (ADA)’s price appears to be regaining bullish momentum alongside other major cryptocurrency 

Cardano (ADA) Price Now At A Critical Level Following Strong Whale Activity

Earn Limited-Time 10% APY on $HTX Staking

On April 17, 2026, a noticeable trend of project contraction and shutdown emerged in the crypto industry, with multiple infrastructure, public chain, and application layer projects announcing the cess

Crypto Bear Market Sees Wave of Shutdowns as Infrastructure and Application Projects Exit or Transfo

On April 17, the Islamic Revolutionary Guard Corps (IRGC) of Iran announced on social media that a commander of the resistance front revealed that a severe and unprecedented warning had been issued to

IRGC Warns Vessels in the Strait of Mandeb

Bitcoin Up 2 Weeks: Beginning or End? Blockchain Forum 2026, MoscowEthereum Tests $3,900 Resistance as Market Turns Bullish Ethereum is making headlines today as it approaches the $3,900 resistance le

Ethereum Tests $3,900 Resistance as Market Turns Bullish
Ethereum is making headlines today as it approaches the $3,900 resistance level, showing strong bullish momentum. After holding firmly above the $3,700 support zone, ETH is attracting buyers and gaining strength. The recent move is supported by increasing demand in DeFi and staking, along with overall positive sentiment in the crypto market.
At the same time, institutional interest in Ethereum is also growing, which is helping maintain upward pressure on the price. However, short-term traders are taking profits near resistance, which is why ETH is struggling to break above $3,900 for now. This makes the current zone very important for the next move.
📊 Current Market Situation:
Ethereum is trading around $3,750 – $3,850, which is a key decision zone. A breakout or rejection from here will define the short-term trend.
📈 Price Prediction (Short-Term):
If ETH breaks and holds above $3,900, next targets:
➡️ $4,200
➡️ $4,500
If rejection happens:
➡️ Support levels: $3,500 – $3,600
📌 Final Insight:
Ethereum structure is bullish with consolidation. A confirmed breakout could lead to a strong upward rally, while rejection may cause a temporary pullback.

Ethereum Tests $3,900 Resistance as Market Turns B

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📊 Ethereum Network Activity Rising Ethereum is experiencing an increase in network activity, which is a strong sign of growing adoption. More users are interacting with decentralized applications, NFT

📊 Ethereum Network Activity Rising

Ethereum is experiencing an increase in network activity, which is a strong sign of growing adoption. More users are interacting with decentralized applications, NFTs, and DeFi platforms built on Ethereum.

Higher network usage typically leads to increased demand for ETH, as it is required for transaction fees and smart contract execution. This creates natural buying pressure in the market.

Developers also continue to build new projects on Ethereum, strengthening its ecosystem. This ongoing development ensures that Ethereum remains one of the most important platforms in the crypto space.

If network activity continues to rise, it could support further price growth and attract more investors.

📊 Usage increasing
⚡ Strong fundamentals

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