Circle CEO Blames ‘Moral Quandary’ for Not Acting on $280M Drift Exploit
Allaire defended Circle’s inaction during the exploit, stating that Circle only acts when the law obligates it to do so. The stablecoin issuer Circle has...
Category : Blames
Paxos Blames Internal Error for $300 Trillion PYUSD Stablecoin Mint
TLDR Paxos mistakenly minted $300 trillion worth of PYUSD stablecoins on the Ethereum blockchain. The minting error was identified and corrected within minutes as Paxos...
SBF Blames Lawyers for FTX Collapse During Fraud Trial Testimony
As we reported yesterday, Former FTX CEO Sam Bankman-Fried took the stand yesterday in his criminal fraud trial, claiming that lawyers approved the policies that...
