๐ต๏ธโโ๏ธ On-chain sleuth ZachXBT is raising alarms over Circleโs USDC, claiming North Korean hackers are using it to funnel millions in illicit payments. He slammed Circle for boasting about compliance while allegedly taking no steps to block these wallets. ๐ธ
๐จ ZachXBT revealed that DPRK IT workers, posing under false identities, are securing remote tech jobs and using USDC to move high eight-figure sums undetected. Despite Circleโs push for a national trust bank charter, he says their compliance efforts remain hollow. โ ๏ธ
๐ฎ While Tether has faced scrutiny in the past for enabling illicit transactions, Circle was praised as a compliance leader. But these new claims suggest itโs failing to act, denting its reputation as the โcleanerโ stablecoin issuer. Circle has yet to respond. ๐
Claim ๐๐ BPJM0EIM2Q ๐๐
$USDC $BTC
๐จ ZachXBT revealed that DPRK IT workers, posing under false identities, are securing remote tech jobs and using USDC to move high eight-figure sums undetected. Despite Circleโs push for a national trust bank charter, he says their compliance efforts remain hollow. โ ๏ธ
๐ฎ While Tether has faced scrutiny in the past for enabling illicit transactions, Circle was praised as a compliance leader. But these new claims suggest itโs failing to act, denting its reputation as the โcleanerโ stablecoin issuer. Circle has yet to respond. ๐
Claim ๐๐ BPJM0EIM2Q ๐๐
$USDC $BTC
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