ZachXBT slams Circle and its CEO: They don’t care about the ecosystem at all, they just want to extract value from it
2024-09-15 01:33
Odaily News On-chain detective ZachXBT criticized Circle and its CEO Jeremy Allaire in a post on X, saying that they "don't care about the ecosystem at all, they just extract value from it." He accused Circle of "never blacklisting despite having plenty of time after the DeFi vulnerability/hacker attack, and continued to profit from transactions." ZachXBT said that compared with other major stablecoin issuers, Circle took four and a half months longer to blacklist the address of the hacker organization Lazarus Group. Yesterday, according to ZachXBT monitoring, four stablecoin issuers (Paxful, Tether, Techteryx, Circle) have blacklisted the following two addresses: 0x36f2D3871edd59d5C06DB8F0b12bE928d5922A70 0x12ED7f6ed0491678764c2b222A58452926E44DB6 Among them, Lazarus Group holds $4.96 million. Another $1.65 million has been frozen in various exchanges, bringing the total amount frozen in this investigation to $6.98 million.
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