ZachXBT’s Circle Files: USDC’s Biggest Compliance Scandal

The post ZachXBT’s Circle Files: USDC’s Biggest Compliance Scandal appeared first on Coinpedia Fintech News Circle, the issuer of USDC, is facing criticism after blockchain investigator ZachXBT shared a detailed thread called “Welcome to Circle Files.” Over the past three years, Circle’s handling of USDC has reportedly resulted in losses totaling over $420 million, involving multiple high-profile hacks and thefts.ZachXBT questioned why Circle didn’t use its power to freeze stolen …