Drift Protocol @DriftProtocol lost $285 million, including $230 million USDC that was bridged to the ETH chain via Circle's @circle own CCTP bridge. On-chain sleuth ZachXBT @zachxbt pointed out that Circle had the technical capability to freeze this USDC during the bridging process, but they didn’t. What’s interesting is that not long ago, Circle froze 16 enterprise hot wallets linked to an undisclosed U.S. civil lawsuit. This highlights a core paradox in the crypto industry: Is centralization better, or is decentralization the way to go?