Circle freezes USDC balances in 16 hot wallets amid unspecified US civil lawsuit.
ByAinvest
Tuesday, Mar 24, 2026 9:30 pm ET1min read
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Circle has frozen the USDC balances in 16 hot wallets belonging to multiple businesses due to an unspecified U.S. civil lawsuit. The affected wallets are operational hot wallets used for high transaction volumes, disrupting the businesses' daily operations. ZachXBT reported the incident, noting that the wallets have no apparent connection to each other, raising questions about Circle's review process.
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