Circle freezes the USDC balances of 16 hot wallets, involving multiple business operations

SmartContractAuditor · 2026-03-24T15:56:44+00:00

Odaily Planet Daily News: ZachXBT disclosed that Circle froze USDC balances in 16 business-related hot wallets yesterday. The relevant company stated that this action is related to a U.S. civil case with details not yet made public. ZachXBT stated that upon reviewing on-chain data, these addresses involve exchanges, casinos, and foreign exchange businesses with no apparent connections to each other. The freeze has already impacted the operations of the relevant businesses.

SmartContractAuditor

2026-03-24 15:56:44

Odaily Planet Daily reports that ZachXBT revealed Circle froze USDC balances in 16 business-related hot wallets yesterday. The company stated that this move is related to a U.S. civil case with undisclosed details. ZachXBT said that after reviewing on-chain data, these addresses are involved with exchanges, entertainment, and foreign exchange businesses, with no obvious connections between them. The freeze has already impacted the operations of the related businesses.

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