Circle Freezes $58 Million in USDC Tied to Controversial Libra Memecoin Scandal

Circle, the issuer of USDC stablecoin, has halted the movement of approximately $57.6 million worth of USDC, according to blockchain intelligence platform Arkham. The freeze on two linked wallets was triggered by the Libra memecoin scandal, which has ties to Argentine President Javier Milei. [Name of the wallet], believed to be the main wallet for Libra deployer activity, contains almost $13 million, while another wallet containing over $44.59 million in USDC is also affected. This action by Circle echoes legal investigations or breaches but has amplified attention due to the high-profile nature of this scandal and its links to President Milei. [Name of the Wallet] and **[Name of other Wallet]** are now frozen until further notice.