BTCC
/
BTCC Square
/
Global Cryptocurrency
/
USDC Compliance Under Fire as North Korean Hackers Exploit Circle’s Systems
USDC Compliance Under Fire as North Korean Hackers Exploit Circle’s Systems
11
1
USDC News -
On-chain investigator ZachXBT has uncovered significant vulnerabilities in Circle’s USDC stablecoin infrastructure, highlighting its extensive use by North Korean cybercriminals. Despite Circle’s public commitment to compliance, the company reportedly failed to freeze wallets involved in eight-figure illicit transactions linked to DPRK IT workers.
The scheme involves North Korean operatives securing remote tech jobs under false pretenses and funneling funds through USDC—a tactic repeatedly identified by security experts. ZachXBT’s findings come as Circle pursues a national trust bank charter, raising concerns about its capacity to monitor high-risk transactions while expanding its regulatory permissions.
By:
Previous
Chainlink LINK Jumps 12% After Mastercard Deal as Exchange Withdrawals Hint at Strong Accumulation
Next
DOJ Disrupts North Korean IT Worker Scheme Targeting U.S. Companies
