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ZachXBT Criticizes Circle for Potential Failure to Freeze Over ¥67 Billion in Illicit USDC

2026/04/05 08:51 (Updated 2026/04/06 05:00)
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Written by A.Yamada
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ZachXBT Criticizes Circle for Potential Failure to Freeze Over ¥67 Billion in Illicit USDC

Criticism Over Failure to Freeze Illicit Funds

Criticism Over Failure to Freeze Illicit Funds

Known for his on-chain analysis, ZachXBT posted on the 3rd criticizing Circle, the provider of the US dollar-pegged stablecoin USDC, for not adequately freezing assets in multiple hacking incidents.

He points out that Circle is marketed as a company with a robust compliance program.

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MAGAZINE

Iolite Vol.19

May 2026 issueReleased on 2026/03/30
Interview Iolite FACE vol.19 Yuichiro Tamaki, Leader of the Democratic Party for the People PHOTO & INTERVIEW by Hasen Kuniyama Special Features: “Web3.0 The Impact Award 2026” “Global Money Loses Its Master” “The Current State of Robotics Technology” [Dialogue Series] The NISHI Talk: Crypto Conversations “The Changing Crypto Landscape, and the Unchanging Strategies of Traders” Kasou NISHI × European] Series: Tech and Future by Toshinao Sasaki, and more