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American law firm Gibbs Mura launches class action investigation into Drift hacking incident
ME News report: On April 8 (UTC+8), the U.S. law firm Gibbs Mura announced that it had launched an investigation into a class action regarding 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 that incident, hackers stole approximately $280 million to $285 million in investor funds and transferred assets via Circle’s cross-chain transfer protocol. Gibbs Mura said it 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. The law firm stated that investors do not need to bear any financial risk; the firm will only deduct attorney fees and costs from the compensation after the case is won and the investors receive compensation. Nine days before April 8, Circle had frozen 16 unrelated business wallets in a civil case. (Source: PANews)