Circle’s $420M Compliance Gap Exposed As USDC Freeze Failures Raise Industry Concerns
A new report from on-chain investigator ZachXBT is putting Circle under intense scrutiny, alleging more than $420 million in compliance failures tied to its flagship stablecoin, USDC, since 2022. Dubbed the “Circle USDC files,” the report outlines a pattern of delayed or absent intervention in cases involving hacked or illicit funds. While other stablecoin issuers … Read more