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Circle acts to freeze $800 million USDC amid reported Binance exploit, Jeremy Allaire states

Circle acts to freeze $800 million USDC amid reported Binance exploit, Jeremy Allaire states
Circle freezes $800 million USDC after incident

Circle has frozen more than $800 million USDC following reports of a potential exploit involving Binance. The action was taken in coordination with law enforcement to support an ongoing investigation.

Jeremy Allaire, co-founder and CEO of Circle, said the company will continue to monitor the situation and support authorities as the investigation proceeds.

Earlier, Jeremy Allaire highlighted initiatives expanding USDC/ARS liquidity in Argentina through partnerships with local firms. He has also recognized user experience improvements in crypto infrastructure projects. These developments reflect Circle’s ongoing involvement in stablecoin ecosystem growth.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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