This article is machine translated
Show original

๐Ÿ“Œ ZachXBT Compiles and Exposes All of Circleโ€™s $420 Million Compliance Failures from 2022โ€“2026 ZachXBT has been aggressively attacking Circle recently, but did you know that even to this day, there has been no action, not even a single comment, regarding the USDC in the Drift hacking incident? ๐Ÿ“ฑ (April 2, 2026) Current status of Circle, receiving heavy criticism over the Drift incident. Let's cut Tether in half. Still silent even after this incident. ZachXBT got pissed off too, so they compiled and exposed every instance from 2022 until now where Circle failed to comply with regulations and prevent hacking losses. They left over $420 million worth of funds completely untouched due to regulatory compliance failures and hacking damages. ๐Ÿ“ฑ Original Tweet You can see just how incompetently Circle has responded to a wide variety of hacking incidents. What is even more chilling is... Out of 15 cases, there has been absolutely no action, response, or comment for 12 of them to date. Lol. As a centralized stablecoin, they receive US listings and institutional investment, yet when users use it, it offers zero protectionโ€”like a decentralized stablecoinโ€”is USDC. With zero protection, and censorship and freezing at their own whim, if they don't take any action when user funds are at risk, what is the use of the name "centralized stablecoin"? ๐Ÿ“ฑ (2025.04.23) Tether's Plasma vs. Circle's CPN - I am rooting for Tether and Plasma ๐Ÿ“ฑ (2026.03.08) Tether investing in Bitcoin, and the Alphano Circle ๐Ÿ“ฑ (2026.03.26) Institution-oriented Circle (USDC) vs. Retail-focused Tether (USDT) Hearts and likes are a great source of strength for BQ Content ๐Ÿคฉ #Circle #USDC #Stablecoin

Telegram
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.
Like
Add to Favorites
Comments