BlockBeats News, March 26 — On-chain investigator ZachXBT announced that Circle has unfrozen the USDC balance in a previously frozen wallet. The wallet associated with Goated.com, address 0x61f…e543, has regained access to its USDC balance, currently holding 130,966 USDC. ZachXBT also noted that other affected wallets may be restored “in the near future.”
Circle recently froze the USDC balances in 16 hot wallets belonging to multiple companies. The freeze was initiated due to an ongoing U.S. civil lawsuit with undisclosed details. ZachXBT stated yesterday that these wallets involved in trading platforms, foreign exchange, and other businesses do not appear to be directly connected, questioning whether Circle thoroughly reviewed the freeze requests. The affected wallets are operational hot wallets used by businesses to handle large volumes of user transactions, and the freeze has impacted their daily operations.
ZachXBT also pointed out, “The New York civil case is under seal, and no grounds have been provided for freezing all business addresses. This might be the most unprofessional freeze action I’ve seen — essentially outsourcing the freeze decision to any federal judge rather than establishing its own process.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Drift Protocol Switches From USDC to USDT, Secures $127.5M Recovery Support From Tether
Drift Protocol announced a recovery plan backed by $150 million after a $280 million exploit, transitioning from USDC to USDT, impacting 128,000 users. The plan links user balance restoration to ongoing trading, following criticism of Circle's response to the hack.
GateNews1h ago
Circle Issues 250M USDC on Solana
Gate News message, April 16 — According to Whale Alert, Circle has minted 250 million USDC on the Solana blockchain.
GateNews7h ago
Circle CEO: We believe RMB stablecoins conceal enormous business opportunities, and we are optimistic that Hong Kong can become a cross-border payments hub.
Circle CEO Jeremy Allaire said the yuan stablecoin faces a huge business opportunity. He expects that China will roll out related products within the next three to five years and may change its regulatory stance toward digital assets. With rising demand for USDC, Hong Kong’s cross-border payment potential is also gaining attention, and Circle is closely monitoring changes in U.S. regulatory policy.
ChainNewsAbmedia12h ago
Whale Deposits 3,500 ETH to Aave V3, Borrows 8M USDC, and Buys Back 3,386 ETH
A whale deposited 3,500 ETH worth $8.26 million into Aave V3, borrowed 8 million USDC, then purchased 3,386 ETH and redeposited it, now holding 6,886 ETH valued at around $16.22 million.
GateNews14h ago
Circle Launches Cross-Chain USDC Settlement Mechanism Supporting Batch Payments
Circle has launched a new cross-chain USDC payment mechanism for high-frequency settlements, utilizing the Cross-Chain Transfer Protocol to pre-fund transfers and enable batch settlements, thereby minimizing operational overhead and reducing burn operations.
GateNews20h ago
The Stablecoin Era! Circle founder Jeremy Allaire makes the 2026 Global Top 100 Most Influential People list
Against the backdrop of the gradual expansion of global crypto and financial regulation, Circle co-founder Jeremy Allaire was named to Time’s 2026 list of the 100 most influential people, symbolizing the growing importance of stablecoins. Circle has evolved from a digital payments company into a stablecoin platform centered on USDC, and plans to become part of global financial infrastructure. This shift makes its business model more akin to a digital money market fund, foreshadowing the potential profitability and growth of stablecoins in the future.
ChainNewsAbmedia04-15 17:25
