BREAKING: Circle froze the USDC balance of 16 hot wallets for various businesses late yesterday.

I spoke with one of the affected businesses directly and they stated it was due to an ongoing US civil case whose details are not yet disclosed.

I reviewed the onchain activity and the exchanges, casinos, forex businesses do not appear to be related at all to each other.

Why was the request not properly reviewed by Circle?

For those unfamiliar a crypto business has a hot wallet to process the bulk of transactions for its users.

An analyst with basic tools could have identified within minutes that these were operational business wallets from the thousands of transactions they process.

Now their business operations have been negatively impacted by Circle, Lawyer, Forensics firm, & Judge

Rain[.]gg
0x87d18ee84e8f4f5709cbf3500179a4c601da12ce
Clash[.]gg
0x9e2a58d257963a276452fff1be94c0eb7e2775cc
Whale[.]io
0x4bd282c083d9ec35aa6c3e0f366d79f12f3a1630
Goated[.]com
0x61f08d119974a3d9915f06765d83fe1aa677e543
500 Casino
0x68416debc20d13e5ef694cdcac9506f4c1a20184
Finrax
0x258494a21d9ea90fcbcb9e22bd57c6899de0d995
Herofx
0x2704ba2d5d3544e6292d9aca536b6bbbfebd80e9
Coinsbuy
0x5f9acf4e85aa7283e0c16dd94cbc942f9d625151
0x22face80f43b857141e9752c3bae8c3309fcdd0f
Unknown service hot wallets
0xfb3a175ce3cb33d9f464a3c5ea0b834dae2aaaf6
0xb25ea1d493b49a1ded42ac5b1208cc618f9a9b80
0x090aac31fca0d19f91e30e02ec8217098a3a4446
0xbfca3e2097baa1eb354e9d915180707dde1027f2
0x3b848ac300b9e0d260e812b628b87a03d278db95
0x00e84a0b678cd4584a9a377d334c810025970873
0xf9e83020cccbd1a95f0f257a5a9e3d58149762f8