Circle is not a DeFi babysitter; freezing on-chain assets doesn’t equal solving security issues.

ME News reports on April 18th, responding to Neeraj K. Agrawal's claim that requesting Circle to act as the crypto world's police is unlikely to enhance DeFi security. ZachXBT stated that equating 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 poor infrastructure and lack of compliance are prime examples. 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.