ME News reports on April 18th, responded to Neeraj K. Agrawal's claim that requesting Circle to act as the crypto world's police is unlikely to improve DeFi security. ZachXBT stated that equating the real-time freezing of stablecoins with DeFi security is inaccurate because publicly traded companies and centralized stablecoin issuers are not part of DeFi. He mentioned a case involving approximately $230 million in illegal funds being laundered over six hours, noting that inadequate infrastructure and compliance are prime examples of poor practices. He also criticized the inefficiency of legal procedures that oppress victims, emphasizing that Circle should not switch between centralized and decentralized interests for its own benefit.

MeNews

2026-05-27 13:11:03

Abstract generation in progress

ME News Report, April 18 (UTC+8), in response to Neeraj K. Agrawal's statement that "asking Circle to act as the police of the crypto world does not enhance DeFi security," on-chain investigator ZachXBT responded that it is inaccurate to conflate "whether stablecoin issuers should freeze assets in real-time" with "DeFi security," because publicly traded companies and centralized stablecoin issuers are not part of DeFi. ZachXBT stated that in a "clear and definite" case, approximately $230 million in illegal funds were laundered within six hours; if the relevant infrastructure and customer compliance are inadequate, this is a very poor example. He also criticized the inefficiency of using legal procedures to pressure victims instead of establishing real-time response mechanisms, and said that Circle should not selectively switch between "centralized" and "decentralized" based on its own interests. (Source: MLion)

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GateUser-1859b7cd

· 7m ago

Six hours to wash 230 million, on-chain transparency has become an accelerator for crime efficiency.

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NeonStreetReflections

· 5h ago

ZachXBT's last line about switching stances hit the sore spot; in the face of利益面前谁不精分

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ContractsMustNotLie.

· 12h ago

Legal procedures are as slow as snails, and victims can only watch the money slip away.

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MoonlightColdWallet

· 12h ago

If DeFi security relies on Circle freezing assets, it's better to go back to the bank.

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MevTeaTime

· 12h ago

Public companies acting as police? Might as well let the exchanges directly run courts.

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PaperSculptureOctopus

· 12h ago

230 million in six hours to launder money—this speed is something traditional finance wouldn't even dare to imagine

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LanternSlippage

· 12h ago

ZachXBT is right; Circle is not the parent of DeFi. Why should it enjoy centralized convenience while avoiding decentralization liability?

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ZachXBT states that the issue of stablecoin issuers freezing funds in real-time should not be conflated with DeFi security.

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