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Bitcoin.com
April 4, 2026 5:35 PM UTC

USDC Freeze Controversy: ZachXBT Says Circle Froze 16 Legitimate Wallets, Missed Real Hacks

USDC Freeze Controversy: ZachXBT Says Circle Froze 16 Legitimate Wallets, Missed Real Hacks

Onchain investigator ZachXBT published a detailed thread this week, accusing Circle, the issuer of USDC, of compliance failures tied to more than $420 million in illicit stablecoin flows the firm allegedly failed to freeze across 15 documented cases since 2022. Key Takeaways: Onchain investigator ZachXBT identified 15 cases totaling over $420M in illicit USDC flows

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