ZachXBT: Circle’s compliance enforcement has been inadequate; multiple security incidents involve amounts exceeding $420 million
On-chain investigator ZachXBT published a report stating that since 2022, Circle has repeatedly failed to properly carry out compliance in multiple incidents involving illegal funds, with amounts totaling more than $420 million. The report notes that in several security incidents, Circle did not freeze suspicious accounts in a timely manner, leading to severe losses. Despite having relevant mechanisms, Circle responded slowly when facing attacks and investigations into money laundering, which affected industry security.
GateNews·2h ago
