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Circle Freezes USDC Balances in 16 Hot Wallets, Affecting Multiple Businesses
Svmuu News: ZachXBT disclosed that Circle froze the USDC balances in 16 business-related hot wallets yesterday. The involved companies stated that this action is related to a US civil case whose details have not yet been made public. ZachXBT noted that, based on his review of on-chain data, these addresses are associated with exchanges, casinos, and foreign exchange businesses, with no apparent connection to each other. This freeze has already impacted the operations of the related businesses.
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