US law firm Gibbs Mura has announced a formal class-action lawsuit investigation into the Drift Protocol theft, involving approximately $280 million to $285 million. It is reported that over $230 million in USDC was transferred to Ethereum via Circle's Cross-Chain Transfer Protocol (CCTP). Gibbs Mura argues that while Circle possesses the technical capability to freeze funds, it failed to do so during the attack. The firm is currently assessing whether investors can file claims against Circle for "failure to intervene promptly," "insufficient monitoring," and "failure to fulfill stablecoin responsibilities," and is urging affected users to participate in the lawsuit to advance the recovery of funds. (Businesswire)