Circle CEO Jeremy Allaire Says USDC Wallets Will Not Be Frozen Without Legal Basis

Circle CEO Jeremy Allaire Says USDC Wallets Will Not Be Frozen Without Legal Basis

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.

USDC

Fact Check
The PANews article "Circle CEO 称未冻结 Drift 相关 USDC 属“道德困境” | PANews" directly supports both elements of the statement: first, that Jeremy Allaire said Circle freezes USDC only within a legal framework and would not do so absent law-enforcement or court orders; second, that Circle signed MOUs with Dunamu and Bithumb in South Korea. The Odaily link traces to "Circle CEO Allaire defends decision not to freeze USDC in Drift exploit, citing moral quandary," which is strongly aligned with the first half of the claim. However, I could not successfully fetch either the The Block article or the linked YouTube page in this run, and my corroboration searches did not yield additional authoritative confirmations. Because the available validated evidence is a secondary report and primary-source validation failed, the claim is plausible and likely accurate, but this run does not produce enough primary-source confirmation to rate it as likely_true with high confidence.
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Summary

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.

Terms & Concepts
  • USDC: USDC is a dollar-pegged stablecoin issued by Circle that is designed to maintain a one-to-one value with the U.S. dollar.