Gate News message, April 2, a well-known on-chain detective ZachXBT posted criticizing Circle, pointing out that the Drift hacker incident occurred during U.S. trading hours—millions of USDC were transferred via CCTP (Circle’s cross-chain protocol) from Solana to Ethereum, while Circle took no action. A few days ago, Circle froze at least 16 corporate hot wallets, and these wallets are still slowly being unfrozen. ZachXBT said, “Circle is the bad actor in this industry.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pornhub Switches Creator Payouts from USDT to USDC for Greater Reliability
Pornhub swapped creator payouts from USDT to USDC, citing reliability and MiCA compliance; older USDT-PayPal ties and TronLink-based partnerships have been removed.
Abstract: Pornhub replaced USDT payouts with USDC for creators, arguing USDC is more reliable and MiCA-compliant. The move ends PayPal-USDT ties and TronLink-based payment infrastructure, and those partnerships were removed from the creator payment page.
GateNews59m ago
Circle Proposes Emergency Rate Overhaul for Aave's Frozen USDC Pool
Circle has proposed an emergency overhaul of interest rate parameters on Aave V3 Ethereum Core's USDC pool, which has been pinned at 99.87% utilization for four days following the April 18 KelpDAO exploit, according to a governance post published Tuesday. Circle Chief Economist Gordon Liao argued th
CryptoFrontier4h ago
USDC Treasury Mints 200M USDC on Ethereum, Worth ~$199.9M
Summary: USDC Treasury minted 200M USDC on Ethereum at 22:00 UTC; worth about $199.9M, per Whale Alert.
Abstract: A Gate News update reports that the USDC Treasury minted 200 million USDC on the Ethereum network at 22:00 UTC, with Whale Alert corroborating the mint. The new supply is valued at roughly $199.9 million, illustrating a substantial increase in USDC issuance.
GateNews11h ago
RedotPay Integrates Sui and USDC-Sui, Expanding Payments to 100+ Countries
RedotPay now supports SUI and USDC-Sui on the Sui network, enabling faster global payments for 130M merchants and 7M customers, with scalable cross-border transactions bridging crypto and commerce.
Abstract: RedotPay has added support for SUI and USDC-Sui on the Sui network, enabling seamless payment processing and global payouts across its ecosystem. Serving more than 130 million merchants in over 100 countries and about 7 million customers, the platform aims to offer faster, more scalable cross-border payments and broader blockchain-enabled financial access. By integrating SUI and USDC-Sui, RedotPay seeks to simplify sending and receiving payments worldwide while ensuring secure, efficient transactions that bridge digital assets with real-world commerce.
GateNews17h ago
Whale Deposits $2M USDC to Hyperliquid, Buys 50,080 HYPE at $39.94 Average
Gate News message, April 22 — According to Onchain Lens, a whale deposited 2 million USDC to Hyperliquid and purchased 50,080 HYPE at an average price of $39.94 per token.
GateNews20h ago
Volo Protocol vault attacked, losses totaling 3.5 million, remaining TVL confirmed to be safe
The Volo within the Sui ecosystem posted a statement on the X platform, confirming that a security vulnerability occurred, resulting in about $3.5 million in assets being stolen from three specific vaults, involving WBTC, XAUm, and USDC. Volo said it notified the Sui Foundation and ecosystem partners immediately after detecting the attack, freezing all vaults to prevent further losses; Volo pledged to cover all losses and would not allow users to bear any responsibility.
MarketWhisper23h ago
