Circle has been accused of wrongly freezing 16 wallets connected to an ongoing civil legal case in the United States.
According to onchain investigator ZachXBT, the frozen wallets belonged to crypto exchanges, online casinos, and foreign currency exchange businesses that do not appear related to the case.
ZachXBT stated that 'an analyst with basic tools could have identified' that these were operational business wallets within minutes, and that Circle had 'zero basis' for freezing the fiat-pegged tokens.