Circle’s USDC freeze powers face fresh scrutiny after blocked wallets and delayed theft response

Circle can freeze USDC wallets when it decides the risk is high enough. The new criticism is that the same power appeared slow when stolen funds were moving and broad when business wallets were caught in a sealed civil matter. Circle's biggest selling point may be becoming its biggest liability. On-chain investigator ZachXBT's “Circle Files” […] The post Circle’s USDC freeze powers face fresh scrutiny after blocked wallets and delayed theft response appeared first on CryptoSlate.