ZachXBT: Circle claims that "acting in accordance with the law" is the only way to freeze assets; the 6-hour delay in the Drift incident is unforgivable

ME News, on April 13 (UTC+8), on-chain investigator ZachXBT responded to discussions about the USDC freezing issue, saying that there are no regulations stating that issuers are not allowed to proactively freeze funds. Circle’s claim that it is “acting according to law” is in fact self-serving fabrication, and it contradicts its terms of service. ZachXBT used screenshots to show that Circle’s terms explicitly reserve the right to freeze. ZachXBT said that he agrees the freezing right should not be abused in cases such as indirect tracking, but in major events like Drift Protocol that affect the entire ecosystem—despite a transfer of more than $230 million—delaying action for 6 hours is truly unforgivable. (Source: Foresight News)