Circle froze the USDC balances of 16 business hot wallets yesterday

According to market news, Circle froze the USDC balances in 16 hot wallets for cryptocurrency businesses the previous evening. The affected parties stated that this was due to a civil case in the United States with details that have not yet been made public.

ZachXBT indicated that these addresses appear to belong to wallets operated by exchanges, casinos, and forex platforms, with no obvious connections between them. This action has impacted the operations of the related businesses.