ZachXBT: Circle claims that "acting in accordance with the law" is the only reason to freeze assets, but fabricating it themselves is unacceptable; the 6-hour delay in the Drift incident is inexcusable.

ME News Report, April 13 (UTC+8), on-chain investigator ZachXBT responded to discussions about the USDC freeze issue, stating that there are no regulations prohibiting issuers from proactively freezing funds. The claim by Circle that they are “acting in accordance with the law” is fabricated and contradicts their terms of service. ZachXBT provided screenshots showing that Circle’s terms explicitly reserve the right to freeze funds. ZachXBT stated that he agrees that the right to freeze should not be abused for indirect tracking or similar scenarios, but in major events like Drift Protocol, which affect the entire ecosystem, delaying action for 6 hours on a transfer of over $230 million is truly unforgivable. (Source: Foresight News)