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U.S. law firm Gibbs Mura launches class action investigation into Drift hacking incident
ME News report, April 8 (UTC+8). U.S. law firm Gibbs Mura announced that it is launching a collective action investigation into the security breach incident involving Drift Protocol that occurred on April 1, and called on Drift investors to contact the firm to seek recovery of their losses. In this incident, the hacker stole approximately $280 million to $285 million in investors’ funds and transferred the assets through Circle’s cross-chain transfer protocol. Gibbs Mura is reviewing potential claims against Circle Internet Financial, alleging that Circle did not intervene to freeze the stolen funds despite having the technical capability and operational precedent to do so. The firm said that investors do not need to bear any financial risk; only after the case is won and compensation is received will the firm deduct attorney fees and costs from the compensation. Nine days ago, Circle froze 16 unrelated business wallets in a civil case. (Source: PANews)