Circle Freezes $57.6 Million in USDC Tied to Libra Memecoin Controversy

Circle has taken action against a major cryptocurrency stablecoin, freezing nearly $57.6 million of USDC funds linked to the controversial Libra memecoin project. The frozen funds were reportedly held within two specific wallets: one holding approximately $44.59 million and another with roughly $13 million. These wallet’s activity has been halted by Circle, as revealed by visual data from Arkham, a platform specializing in cryptocurrency analysis.