$230M in stolen USDC bridged through Circle's own CCTP over 100+ transactions across 6 hours during the Drift exploit — and zero freezes. Meanwhile Circle had no problem blacklisting 16 unrelated business wallets days earlier on a sealed civil court order. Cetus was the same pattern last year: $61M bridged from Sui, Circle waited a full month to blacklist, by which point everything had been swapped to ETH. Fifteen documented cases since 2022, and in almost every one, Tether moved faster on their side with no "regulated" compliance apparatus. Circle wants the IPO valuation of a regulated financial institution but runs incident response like a weekend Discord mod team.

Top comment by @Benthic