Circle Freezes USDC Balances in 16 Hot Wallets, Involving Multiple Businesses

Odaily News: ZachXBT disclosed that Circle froze the USDC balances in 16 business-related hot wallets yesterday. The involved companies stated that this action is related to a U.S. civil case whose details have not yet been made public. According to ZachXBT's review of on-chain data, these addresses are associated with exchanges, casinos, and forex businesses, with no apparent connection between them. This freeze has already impacted the operations of the related businesses.