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Circle CEO Jeremy Allaire responded to the approximately $280 million theft incident involving Drift, stating that Circle will not freeze wallets unrelated to legal proceedings without law enforcement or court orders, claiming that private companies deciding to freeze funds would create a "significant moral dilemma." Previously, on-chain investigator ZachXBT criticized Circle for not freezing about $230 million in USDC transferred from Solana to Ethereum via CCTP. Allaire also mentioned that the company is discussing with U.S. legislators to establish specific safe harbor provisions for stablecoin issuers to take preventive measures in extreme cases. (The Block)