
At a press conference in Seoul, Circle CEO Jeremy Allaire said Circle will not freeze USDC wallets without legal measures, underscoring the company’s position on handling stolen or disputed funds.
Circle CEO Jeremy Allaire said at a press conference in Seoul on the 13th that the company will not freeze USDC wallets without legal measures. He made the remarks in response to criticism over Circle’s handling of funds stolen in hacks and other crimes. The update reinforces Circle’s stated position that any wallet-freezing action requires a legal basis rather than unilateral intervention by the company.