Drift Hack $286M: Circle Faces Class Action for Failing to Freeze USDC
Drift Protocol lost $286M in a hack; investors sue Circle for not freezing USDC despite capability. Circle CEO says court order needed; Drift switches to USDT.

Drift Protocol lost $286M in a hack; investors sue Circle for not freezing USDC despite capability. Circle CEO says court order needed; Drift switches to USDT.

HTX delisted USD1 after alleging World Liberty Financial froze exchange-linked addresses without justification. Users' USD1 balances will be converted 1:1 into USDT. Lawsuits between Sun and World Liberty deepen the conflict.

A federal jury in Oakland ruled that Elon Musk sued OpenAI too late, wiping out his $134 billion claim and removing a major legal overhang for the company’s IPO ambitions.

Justin Sun filed a federal lawsuit against World Liberty Financial, alleging frozen WLFI tokens, revoked voting rights, and hidden blacklist functions in smart contracts. The project team denies claims and hints at counter-suit.

Posts on X accused Jane Street of selling BTC at the U.S. cash open to buy spot ETFs cheaper, but available market data and ETF plumbing do not provide direct proof for that claim.

Ripple CEO Brad Garlinghouse says the company considered shutting down after the SEC lawsuit in 2020, but chose to keep operating to protect hundreds of jobs.

A New York judge signed an order staying a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets containing roughly 3.8 million BTC. The order blocks any default judgment before a July 14 hearing, as legal and procedural challenges mount.

A California federal judge certified a class of investors who bought Nvidia stock from Aug 2017 to Nov 2018, allowing them to pursue claims that the company hid over $1 billion in crypto mining GPU sales. The case moves to evidence phase with a conference set for April 2026.
