ZachXBT Criticizes Circle for Inaction on Hacking: Circle Still Hasn't Frozen Over 9.000.000 USDC

On July 9th, on-chain detective ZachXBT responded with an article criticizing Circle for its inaction against hacking. After the GMX V1 platform suffered a $40.00 million hack, the stolen funds remained on the blockchain for 1-2 hours, yet Circle still did not freeze over 9.00 million USDC. These funds have been bridged from Arbitrum to the Ethereum network via CCTP. [Deep Tide TechFlow]