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USDC Issuer Circle Accused of 'Profiting' From Lazarus Group Hack

CoinGape
Summary
Nutrition label

63% Informative

USDC issuer Circle accused of profiting from Lazarus Group by delaying blacklisting hacked funds by 4.5 months .

Four stablecoin issuers blacklisted two addresses holding $4.96 million tied to the North Korean hackers.

ZachXBT, known for his investigative work in the Web3 space, took to social media platform X to criticize Circle and its CEO Jeremy Allaire .

The criticism came in response to failure of blacklisting wallets involved in illicit activities in a timely manner.

VR Score

42

Informative language

29

Neutral language

56

Article tone

formal

Language

English

Language complexity

55

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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