USDC Issuer Circle Accused of 'Profiting' From Lazarus Group Hack

USDC issuer Circle is facing serious accusations after blockchain sleuth ZachXBT called out the company for allegedly ‘profiting’ from transactions linked to the North Korean hacker group Lazarus. ZachXBT, known for his investigative work in the Web3 space, took to social media platform X to criticize Circle and its CEO Jeremy Allaire. The criticism came in response to failure of blacklisting wallets involved in illicit activities in a timely manner.