ZachXBT raises questions about Circle freezing 16 USDC business hot wallets.

CoinFeed reported on March 24 that, according to ZachXBT, Circle froze USDC balances in 16 crypto hot wallets the previous evening. The affected parties claimed this stemmed from a US civil case whose details have not yet been disclosed. ZachXBT stated that these addresses appear to belong to wallets operated by exchanges, casinos, and forex platforms, with no apparent connection between them, and this action has already impacted the operations of these businesses.