• ZACHXBT ACCUSES CIRCLE OF “NOT CARING ABOUT THE INDUSTRY”
• $80B IPO SUCCESS FUELS QUESTIONS ON ETHICS, FREEZING FAILURES
As $CIRCLE explodes post-IPO — jumping from <$40 to over $300 — crypto sleuth ZachXBT is calling out leadership, slamming their silence on major security failures.
He highlights Circle’s refusal to freeze $115K USDC linked to DPRK hacks, while Tether acted swiftly. His message: Circle is slow, evasive, and lacks transparency.
Meanwhile, Arthur Hayes criticizes Circle’s $900M payout to Coinbase, claiming Jeremy Allaire had no choice but to “bend to Brian Armstrong” just to keep USDC alive.
Despite the IPO glory, deep concerns about control, compliance, and credibility remain.
Is Circle a stablecoin innovator — or just Wall Street’s new darling hiding behind decentralization?
#CircleIPO #ZachXBT #Stablecoins #CryptoDrama #USDC
