Circle’s $420M Compliance Crisis: ZachXBT Exposes Massive USDC Scandal

On-chain investigator ZachXBT has published a det

On-chain investigator ZachXBT has published a detailed investigation alleging delays or failures in USDC stablecoin issuer Circle to freeze theft proceeds worth over $420 million since 2022.Other reports detail thefts ranging from $200,000 to $223 million. Issuers delayed freezes for up to 4 months, while some never froze addresses associated with bad actors at all.

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