🔗 Crypto & Blockchain

ZachXBT Exposes Circle's Sluggish Freezes on $420M in Tainted USDC

Picture this: hackers make off with $280 million, and Circle — issuer of the world's second-biggest stablecoin — takes its sweet time blacklisting the loot. ZachXBT's latest thread rips the lid off a pattern of delays across $420 million in dirty funds.

Fintech Dose Apr 03, 2026 4 min read 14 views
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ZachXBT's Twitter thread screenshot accusing Circle of slow USDC freezes on illicit funds

⚡ Key Takeaways

  • ZachXBT documented 12+ cases of Circle delaying USDC freezes on $420M+ in illicit funds. 𝕏
  • Recent Drift Protocol $280M exploit highlights the risks of slow blacklisting. 𝕏
  • This erodes trust in USDC's compliance claims, echoing past stablecoin scandals. 𝕏
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Fintech Dose

Markets. Money. Innovation.

#Circle USDC #ZachXBT #crypto compliance #stablecoin freezes

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Originally reported by The Block

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