Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Circle’s ‘compliant’ USDC is the go-to for DPRK hackers: ZachXBT
Share
  • bitcoinBitcoin(BTC)$105,995.50
  • ethereumEthereum(ETH)$2,425.26
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.19
  • binancecoinBNB(BNB)$646.62
  • solanaSolana(SOL)$147.52
  • usd-coinUSDC(USDC)$1.00
  • tronTRON(TRX)$0.278272
  • dogecoinDogecoin(DOGE)$0.159570
  • cardanoCardano(ADA)$0.55
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Tether > Circle’s ‘compliant’ USDC is the go-to for DPRK hackers: ZachXBT
CryptoTether

Circle’s ‘compliant’ USDC is the go-to for DPRK hackers: ZachXBT

admin
Last updated: 01/07/2025 5:24 Chiều
admin
Published 01/07/2025
Share


On-chain investigator ZachXBT has raised concerns over USDC stablecoin issuer Circle’s compliance standards and its growing use among malicious actors.

According to ZachXBT, North Korean IT workers have been using USDC (USDC) to move millions in illicit payments. The on-chain analyst’s comments came in response to Circle’s recent filing for a national trust bank charter, which would authorize the firm to manage the reserves backing USD Coin.

ZachXBT criticized Circle’s handling of the situation, alleging that despite the scale and visibility of the fund flows, the company has taken no steps to curb the activity or freeze any of the wallets involved. “They currently do nothing to detect / freeze the activity while boasting about compliance,” he wrote. 

Circle / USDC is the primary infra used by DPRK IT workers to facilitate payments.

They currently do NOTHNG to detect / freeze the activity while boasting about compliance.

I can point out high 8 figs in recent volume.

However it’s the crime super cycle so no one cares.

— ZachXBT (@zachxbt) July 1, 2025

The payments are tied to malicious North Korean cyber actors who land remote tech jobs under false identities, gaining access to unsuspecting organizations’ infrastructures. This is a tactic that has become widely flagged by security experts as one of the group’s latest methods for stealing funds and information.

ZachXBT claimed to have identified high eight-figure volumes flowing through these wallets recently, most of it in USDC.

For years, Circle’s rival Tether’s USDT (USDT) drew the most criticism for enabling illicit transactions due to its perceived lack of oversight. In contrast, Circle was viewed as the industry’s compliance leader, boasting licenses from major regulators and pushing a cleaner image.

Earlier this year, the firm went public under the same compliance narrative and earned praise for setting a positive regulatory precedent within the industry. Circle’s reported failure to take action also contrasts sharply with how Tether and other stablecoin issuers have responded in similar cases, freezing wallets and blocking suspicious fund movements.

While the issuer has yet to publicly deny or acknowledge the allegations, the reports of allowing sanctioned actors to operate unchecked deal a major blow to its reputation. 

crypto.news reached out to Circle for comment but has yet to receive a response as of press time.



You Might Also Like

Arizona approves Bitcoin and digital assets reserve fund 

While majors stall, meme cats and underdogs lead crypto pack

Dow Jones seesaws, ends flat as Bitcoin hits new all-time high

New Zealand man caught in FBI-led probe

Spanish bank Cecabank partners with crypto exchange to offer trading, custody services to banks

TAGGED:CirclescompliantDPRKgotoHackersUSDCZachXBT

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Mastercard joins forces with Bitget Wallet to release zero-fee crypto cards
Next Article Arbitrum price tanks after highly anticipated Robinhood partnership
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
DDC secures $528m for its corporate Bitcoin accumulation strategy
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?