Circle accused of unfairly freezing exchange, casino wallets

Circle has unfairly frozen 16 hot wallets linked to businesses operating cryptocurrency exchanges and online casinos, Cointelegraph reported. On-chain analyst ZachXBT criticized the move, arguing that any analyst with basic tools could have determined in minutes that these were legitimate business wallets, given they processed thousands of transactions. Tech critics note that the ability of issuers to freeze centralized stablecoins contradicts the core crypto ethos of permissionless, censorship-resistant assets.