News

Circle’s USDC freeze power faces fresh scrutiny after wallets were blocked while stolen funds moved

  • Gino Matos--CryptoSlate
  • published date: 2026-04-05 12:45:56 UTC

Circle's biggest selling point may be becoming its biggest liability. On-chain investigator ZachXBT's “Circle Files” allege that the USDC issuer has inconsistently applied its freeze powers. Circle was too slow in 15 cases involving more than $420 million in …

Circle's biggest selling point may be becoming its biggest liability. On-chain investigator ZachXBT's “Circle Files” allege that the USDC issuer has inconsistently applied its freeze powers. Circle … [+8368 chars]