Is it possible that this is @circle's setup - $usdc They're essentially an escrow agency. Without legal regulations, all they can do is "let it go" - after all, nobody wants their money "frozen" at any time. From a compliance and brand perspective - freezing is an "exceptional" situation, requiring a lot of documentation and authorization. Freezing doesn't bring any extra benefits to Circle; on the contrary, if they make a mistake, besides potentially being sued, it can also damage their brand, making it a losing proposition (if this were at Base, it would be different). Furthermore, Circle's compliance/tracking (if any) might not be online at that time... making reporting operations impossible. Of course, for the victim, this is incredibly frustrating (believe me, I know how that feels). @okx and @binance do this much better. After contacting them, they will first "freeze" the account funds for 24-72 hours, giving the person some time to obtain the necessary paperwork. If you fail to provide the relevant documents after the time limit, then sorry... Some people often say CEX freezes assets/transactions - based on my limited experience... 95% of them are problematic… You want security but no complicated procedures? You want convenience but are worried about security? Do you think you're Trump?
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ZachXBT
@zachxbt
04-02
Circle was asleep while many millions of USDC was swapped via CCTP from Solana to Ethereum for hours from the 9 figure Drift hack during US hours.
Value was moved and nothing was done yet again.
Comes days after you froze 16+ business hot wallets incompetently which is still


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