The KelpDAO attack left behind bad debt and frozen positions across Aave, the conditions the USDC pool has been stuck in ever since. Circle is facing a wave of criticism after a proposal linked […]
One unilateral freeze by Circle could trigger a domino effect across DEXs, bridges, oracles, and even wallets. The bad press facing stablecoin issuer Circle, following the $280 million exploit on the Solana trading protocol […]
Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks […]
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s […]
Allaire defended Circle’s inaction during the exploit, stating that Circle only acts when the law obligates it to do so. The stablecoin issuer Circle has doubled down on its defense against criticism for failing […]
Key Takeaways Circle will debut post-quantum signature support at the Arc mainnet launch scheduled for 2026. The Arc roadmap secures private smart contract states and validator sets against 2030 quantum threats. Institutions can utilize an […]
Key Takeaways: Onchain investigator ZachXBT identified 15 cases totaling over $420M in illicit USDC flows Circle failed to freeze promptly since 2022. The Drift Protocol exploit saw 232M USDC bridged via Circle’s own CCTP over […]
ZachXBT called Circle “asleep” as stolen USDC flowed from Solana to Ethereum during the multi-hour Drift Protocol exploit window. Blockchain investigator ZachXBT has once again slammed Circle and its CEO, Jeremy Allaire, following alleged […]
ZachXBT revealed Circle restored access to one wallet, which has fueled criticism that its freeze lacked transparency and may have targeted legitimate businesses. Stablecoin issuer Circle has unfrozen the USDC balance in one of […]
Circle stock, CRCL, experienced a significant decline over the past day following news of a proposed ban on stablecoin yield. Despite this selloff, Bitwise’s CIO maintains that the market reaction was excessive and projects that […]
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