DeFiBearishBankless · 12h ago7/10
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Circle CEO Defends Response to Drift Hack, Requests Liability Carveout
Circle CEO Jeremy Allaire has defended his company's handling of the Drift Protocol hack while simultaneously requesting legal liability protections for stablecoin issuers who freeze user funds in error. This position highlights the tension between intervention to protect users and the operational risks stablecoin issuers face when taking unilateral action.
