{"id":1845,"date":"2026-03-26T13:31:51","date_gmt":"2026-03-26T13:31:51","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=1845"},"modified":"2026-03-26T13:31:51","modified_gmt":"2026-03-26T13:31:51","slug":"zachxbt-criticizes-circle-as-wallet-freeze-faces-backlash","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/03\/26\/zachxbt-criticizes-circle-as-wallet-freeze-faces-backlash\/","title":{"rendered":"ZachXBT Criticizes Circle as Wallet Freeze Faces Backlash"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"678\" height=\"452\" data-id=\"1844\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/03\/IMG_1759-1.jpeg\" alt=\"\" class=\"wp-image-1844\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/03\/IMG_1759-1.jpeg 678w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/03\/IMG_1759-1-300x200.jpeg 300w\" sizes=\"auto, (max-width: 678px) 100vw, 678px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>ZachXBT reported that Circle has restored access to one wallet after freezing several others, raising concerns about transparency and decision making.<\/p>\n\n\n\n<p>The wallet, identified as 0x61f\u2026e543 and linked to Goated.com, now has access to about 130,966 USDC based on blockchain data. ZachXBT noted that other affected wallets may also be reinstated soon.<\/p>\n\n\n\n<p><strong>Freeze Decision Faces Questions<\/strong><\/p>\n\n\n\n<p>The situation began when Circle froze funds across 16 wallets reportedly connected to different businesses. According to ZachXBT, at least one party suggested the action was linked to a sealed civil case in the United States, though no clear public explanation was provided.<\/p>\n\n\n\n<p>After reviewing on chain activity, he stated that the wallets appeared active and showed no signs of illegal activity, which has raised concerns about whether the freeze was justified.<\/p>\n\n\n\n<p>As Circle reversed part of the decision, criticism grew over how the situation was handled, especially given the limited transparency. ZachXBT described it as one of the most poorly executed freezes he has encountered and blamed the reliance on external legal decisions instead of a clear internal process.<\/p>\n\n\n\n<p><strong>Concerns Over Transparency Grow<\/strong><\/p>\n\n\n\n<p>Market observers have argued that freezing funds without strong evidence could disrupt legitimate businesses. Some noted that restoring access to just one wallet does little to address broader concerns.<\/p>\n\n\n\n<p>Taylor Monahan also weighed in, emphasizing that freezing user funds requires careful investigation and accountability. She criticized the approach for relying heavily on court approval rather than independent technical verification.<\/p>\n\n\n\n<p>Monahan explained that when a United States federal court authorizes a freeze, companies like Circle often enforce it even when the underlying details are unclear or disputed.#crypto#cryptonews <a href=\"https:\/\/coinsignals.net\">https:\/\/coinsignals.net<\/a> <a href=\"https:\/\/t.me\/coinsignalpublic\">https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ZachXBT reported that Circle has restored access to one wallet after freezing several others, raising concerns about transparency and decision making. The wallet, identified as 0x61f\u2026e543&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1845","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=1845"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1845\/revisions"}],"predecessor-version":[{"id":1846,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1845\/revisions\/1846"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=1845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=1845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=1845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}