Search results for "CIRCLE"
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13:31

ZachXBT: Circle’s compliance enforcement has been inadequate; multiple security incidents involve amounts exceeding $420 million

On-chain investigator ZachXBT published a report stating that since 2022, Circle has repeatedly failed to properly carry out compliance in multiple incidents involving illegal funds, with amounts totaling more than $420 million. The report notes that in several security incidents, Circle did not freeze suspicious accounts in a timely manner, leading to severe losses. Despite having relevant mechanisms, Circle responded slowly when facing attacks and investigations into money laundering, which affected industry security.
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13:32

ZachXBT accuses Circle of failing to freeze USDC in a timely manner across multiple security incidents, involving more than $420 million

On-chain investigator ZachXBT accuses stablecoin issuer Circle of making more than $420 million in compliance execution mistakes since 2022, failing to promptly freeze the USDC funds involved, which led to funds draining in multiple security incidents, with a slower response time than competitors.
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