Circle Accused of Profiting from Lazarus
This is a news story, published by CoinGape, that relates primarily to Jeremy Allaire news.
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•USDC Issuer Circle Accused of 'Profiting' From Lazarus Group Hack
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.
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