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Circle CEO Jeremy Allaire responded to the incident in which Drift was stolen for approximately $280 million, saying that Circle will not freeze wallets that are unrelated to legal proceedings without law enforcement or court orders, and that allowing private companies to decide to freeze funds would create a “significant ethical dilemma.” Previously, on-chain investigator ZachXBT criticized Circle for not freezing about $230 million in USDC funds that had been transferred from Solana to Ethereum via CCTP. Allaire also said the company is discussing with U.S. legislators the establishment of specific safe harbor provisions for stablecoin issuers, so that preventive measures can be taken in extreme situations. (The Block)