Address freezes are a complex compliance issue for asset issuers. We don’t know yet why this freeze was done, but @circle has an elite compliance team, so if they’re facing these questions, it shows why every issuer needs rigorous processes for evaluating freeze requests.

ZachXBT
@zachxbt
03-24
How come Circle froze the USDC balance of 16 unrelated hot wallets late yesterday for a civil case? A basic review of onchain activity makes it obvious they are operational wallets. You fail to protect users during actual incidents yet respond to a request riddled with errors…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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