Criticism of Circle's Handling of DeFi Exploits
9/14/2024 2:23:24 PM
According to ZachXBT, Circle and its CEO Jeremy Allaire have been heavily criticized for not taking action to blacklist addresses involved in DeFi exploits or hacks. ZachXBT accuses Circle of prioritizing profit over the ecosystem's well-being, noting that the company continued to profit from transactions while delaying actions against malicious addresses by 4.5 months longer than others in the industry. (Source)
ZachXBT DeFi Exploits Circle Jeremy Allaire blacklist