Circle freeze two wallets linked to the Libra memecoin scandal
Circle, a prominent stablecoin issuer, has taken action to freeze two wallet accounts associated with the controversial Libra memecoin scandal, which holds approximately $57.6 million in USDC. Reports from Arkham indicate that one of the frozen wallets contains around $44.59 million, while the deployer wallet for Libra has about $13 million in USDC. Stablecoin issuers like Circle and Tether have the authority to restrict token transfers in critical situations, such