‘Bad actor’ Circle slammed for letting stolen $3M USDC sit unfrozen
Of a total of $17 million stolen from victim addresses, $3 million in USDC is yet to be frozen by issuer Circle.
Read more (2 min) →5 stories, newest first
Of a total of $17 million stolen from victim addresses, $3 million in USDC is yet to be frozen by issuer Circle.
Read more (2 min) →LlamaRisk claims the bug bounties of multi-billion dollar stablecoin firms Circle and Tether are "inadequate," and fail to exceed $10K.
The GENIUS Act forbids any interest payments by Circle to USDC holders, causing them to venture elsewhere for APRs of 59% or beyond.
USDC stablecoin issuer Circle has been criticized for not freezing $9M taken in the GMX protocol hack quickly enough.
The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.