ZachXBT: Circle claims that "acting in accordance with the law" is the only way to freeze assets, but fabricating it themselves is unacceptable; the 6-hour delay in the Drift incident is inexcusable.

ME News, April 13 (UTC+8): on-chain investigator ZachXBT responded to discussions about the USDC freezing issue, saying there is no regulation stating that issuers are not allowed to proactively freeze funds. Circle’s claim of “acting in accordance with the law” is in fact self-invented, and it contradicts its terms of service. ZachXBT explained with screenshots that Circle’s terms explicitly reserve the right to freeze. ZachXBT said he agrees that the freezing right should not be misused in situations such as indirect tracking, but in major events like Drift Protocol that affect the entire ecosystem—when, despite more than $230 million in fund transfers, action was delayed for 6 hours—that is truly unforgivable. (Source: Foresight News)