Foresight News reports that on-chain detective ZachXBT criticized Circle for its inaction regarding hacking incidents. After the $40 million hack on the GMX V1 platform, the stolen funds remained on the blockchain for 1-2 hours, and Circle still has not frozen over 9 million USDC, which has been bridged from Arbitrum to the Ethereum network via the CCTP.
ZachXBT: Circle Still Has Not Frozen the 9 Million USDC Stolen from GMX
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