Deep Tide TechFlow News: On March 25, according to disclosure by "on-chain detective" ZachXBT, Circle recently froze USDC balances in 16 hot wallets belonging to multiple enterprises. It is understood that this freeze stems from a US civil lawsuit case with details not yet publicly disclosed, with relevant information directly confirmed to ZachXBT by one of the affected enterprises.



ZachXBT believes that these wallets involved in exchanges, casinos, forex and other businesses have no obvious connections with each other, questioning whether Circle conducted sufficient due diligence on the freeze requests; and stated that the relevant wallets are operational hot wallets used by business entities to process large volumes of user transactions, with the freeze already impacting their daily operations.
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