Circle's USDC Used By North Korea Claims ZachXBT, US Banking License Under Threat?

USDC Under Fire: North Korea’s IT Brigades Using Stablecoin to Evade Sanctions?

Key Insights: The leading stablecoin USDC is allegedly facing one of its biggest credibility tests yet. As the USDC issuer Circle applied for a U. S. national trust bank license, on-chain analyst ZachXBT posted fresh allegations that North Korean IT contractors are using USDC for mass payments,...

USDC North Korea: Alarming Claims Rock Circle's Compliance Efforts

BitcoinWorld USDC North Korea: Alarming Claims Rock Circle’s Compliance Efforts In the fast-paced world of cryptocurrencies, where innovation often outpaces regulation, bombshell allegations can send ripples across the entire industry. Recently, a prominent blockchain security researcher, ZachXBT, dropped a claim that has put one of the biggest names in stablecoins, Circle, directly in the spotlight. The core of the controversy? Allegations that…

Circle’s ‘compliant’ USDC is the go-to for DPRK hackers: ZachXBT

On-chain investigator ZachXBT has raised concerns over USDC stablecoin issuer Circle’s compliance standards and its growing use among malicious actors. According to ZachXBT, North Korean IT workers have been using USDC (USDC) to move millions in illicit payments. The on-chain…

Circle's USDC Used By North Korea Claims ZachXBT, US Banking License Under Threat?

Popular blockchain investigator ZachXBT noted that the sanctioned state of North Korea is using Circle’s (NASDAQ: CRCL) native stablecoin USDC, and that they are doing “NOTHING” to freeze the activity. This revelation comes as the stablecoin firm applies for a US banking license, following its successful IPO in June. The CRCL stock is already facing The post Circle’s USDC Used By North Korea Claims ZachXBT, US Banking License Under Threat? appea…