<ul><li>Circle froze $57.6 million in USDC linked to the Libra memecoin scandal, with one wallet holding $44.59 million and the deployer wallet containing roughly $13 million.</li><li>The freeze was confirmed through visual data shared by Arkham, showing both wallets inactive with halted token movement.</li><li>Circle, similar to other centralized stablecoin providers, can freeze USDC under emergency or legal circumstances, such as security breaches, fraud investigations, or regulatory enforcement.</li><li>The Libra memecoin project faced controversy due to allegations of insider activity, bot manipulation, and developer profiteering, leading to one of the largest known USDC freezes related to a memecoin incident.</li></ul>

Circle Freezes $57.6M in USDC Linked to Libra Memecoin Scandal

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