Circle’s USDC Freeze Delay Lets Bybit Hackers Move Funds

Circle’s USDC Freeze Delay Lets Bybit Hackers Move Funds

On-chain investigator ZachXBT has criticized Circle for its delayed response in freezing USDC addresses linked to the Bybit hack, allowing hackers time to move stolen funds. Blockchain investigator ZachXBT has highlighted a critical delay by stablecoin issuer Circle in freezing USDC addresses associated with the Bybit exchange hack. Despite having the capability to halt transactions and recover assets, Circle has yet to take decisive action, ...

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