Circle freezes 16 business hot wallets, raising concerns

According to market news, Circle froze the USDC balances in 16 hot wallets for cryptocurrency businesses the night before, with affected parties stating that it stems from a civil case in the United States whose details have not yet been made public.

ZachXBT stated that these addresses appear to belong to wallets operated by exchanges, casinos, and forex platforms, with no obvious connections between them, and this move has impacted the operations of the related businesses.