Circle CEO Responds to Criticism Over USDC Freezes: 'Legal Clarity is Required'

Advocating for the Necessity of Legal Clarity

During a press conference in Seoul on the 13th, Jeremy Allaire, CEO of Circle, the provider of the stablecoin USDC, stated that the company does not freeze USDC wallets without legal proceedings.

This statement comes against the backdrop of rising criticisms that Circle's response to illicit funds, particularly those siphoned off through hacking and other criminal activities, has been inadequate.

Notably, on the 3rd, ZachXBT highlighted several actual cases...