Circle Unfreezes One Wallet Holding About 131,000 USDC Linked to Goated.com

According to ZachXBT, Circle has now unfrozen two additional hot wallets labeled “500 Casino” and “Whale,” further easing withdrawal disruptions tied to an undisclosed U.S. civil case.

USDC

Summary

According to ZachXBT, Circle has unfrozen two additional business hot wallets labeled “500 Casino” and “Whale,” expanding on an earlier restoration involving one wallet holding about 131,000 USDC linked to Goated.com. The earlier freeze had prevented some users from withdrawing from certain centralized exchanges to the affected wallets. Key details of the underlying U.S. civil case, including the plaintiff and expert witness, remain undisclosed, and ZachXBT said Circle did not object, though no further specifics were provided.

Terms & Concepts
  • USDC: A dollar-pegged stablecoin issued by Circle, designed to maintain a value of about one U.S. dollar.
  • Wallet: A blockchain address or tool used to store and transfer digital assets such as cryptocurrencies.
  • Frozen wallet: A wallet address whose assets are restricted from moving, typically by an issuer or platform due to legal or compliance actions.