Circle Under Fire for Slow USDC Freeze Responses Amid Exploit Concerns

A blockchain investigator has raised concerns about Circle Internet Group's handling of major security incidents involving the USDC stablecoin.

According to ZachXBT, Circle promotes support for crypto communities during periods of growth, but may not act quickly enough in case of a large-scale security incident.

The criticism comes as Circle expands its relationship with Hyperliquid, a platform that offers lending services using the USDC stablecoin. This expansion includes plans to stake 500,000 HYPE tokens this year.