June 23, 2026
Circle Internet Group urged a Massachusetts federal court to toss a suit from crypto users accusing the stablecoin issuer of failing to act when $280 million in digital assets was drained from crypto project Drift Protocol in an April Fools' Day exploit, arguing that accusations of inaction are insufficient to support the claims.
April 15, 2026
Circle is facing a proposed class action from a Missouri crypto user who accused the stablecoin issuer of failing to intervene and freeze assets as unknown hackers drained an estimated $280 million in digital assets from crypto project Drift Protocol in an April Fools' Day exploit.