USD Coin
Circle Under Fire as ZachXBT Flags $420M USDC Cases
Circle faces scrutiny after ZachXBT details 15 cases involving $420M in USDC and questions compliance response speed.
Circle under fire as $230M in stolen USDC flows unblocked days after freezing legitimate accounts
Stablecoin issuer Circle is facing mounting scrutiny from blockchain researchers after millions of USD Coin (USDC) were stolen and flowed unimpeded through its proprietary bridge during the $285 million exploit of the Solana-based Drift Protocol.
Circle faces scrutiny as delayed USDC freezes linked to up to $420M in exploitable losses
ZachXBT criticized Circle for being too slow in intercepting USDC from the Drift Protocol hack. The exploiter even used the native Circle bridge, CCTP.
ZachXBT flags $420m in alleged USDC compliance lapses, raising questions over Circle's enforcement
An on-chain report claims over $420m in USDC compliance lapses, raising questions about how effectively stablecoin controls are enforced.
Blockchain sleuth ZachXBT accuses Circle of slow USDC freezes across more than $420 million in ‘illicit funds'
ZachXBT cites over a dozen cases involving over $420 million, the most recent being the Drift Protocol exploit worth more than $280 million.
ZachXBT Alleges $420M in Circle USDC Failures
ZachXBT alleges Circle failed to act on over $420M in suspicious USDC activity since 2022, putting the stablecoin issuer's compliance claims under pressure.
Circle Unveils Star DKG Protocol for Hardware-Secured Crypto Wallets
Circle Research publishes Star DKG, a new distributed key generation protocol enabling secure multi-device wallets with non-exportable hardware keys.
