Circle under fire ZachXBT: $232 million left to North Korea through "open doors"?
The fear index stands at 9 (Ultra Fear), but the main drama unfolds not on charts, but in on-chain investigations.
1️⃣ "Circle Files". The main detective of the crypto world ZachXBT uncovered shocking facts: over $232 million in USDC, stolen from Drift Protocol, passed through Circle bridges without obstruction in just 6 hours of business time in the USA. No freezes. In total, ZachXBT counted failures of over $420 million.
2️⃣ Silence is not golden. Circle remains silent for now. The community is asking: why are the accounts of ordinary businesses blocked instantly, while hackers from the Lazarus Group (North Korea) enjoy a VIP corridor?
3️⃣ Base takes the hit. While $BTC and $ETH stand still, life is bustling on Base. Token $MOCA has surged into the Top-15 by activity. Investors are seeking refuge in ecosystems with strong support.
4️⃣ Regulatory shield. It’s important to remember: as of April 1, the OCC rules came into effect, simplifying life for Ripple and Circle. A global foundation is being built while the crowd panics.
Conclusion: We are in a zone of maximum pessimism. But it is here, between hacks and regulatory victories, that the future of the next cycle is being formed. Keep an eye on on-chain data, not just on price!
#Circle #ZachXBT #DriftExploit #Moca #Base
The fear index stands at 9 (Ultra Fear), but the main drama unfolds not on charts, but in on-chain investigations.
1️⃣ "Circle Files". The main detective of the crypto world ZachXBT uncovered shocking facts: over $232 million in USDC, stolen from Drift Protocol, passed through Circle bridges without obstruction in just 6 hours of business time in the USA. No freezes. In total, ZachXBT counted failures of over $420 million.
2️⃣ Silence is not golden. Circle remains silent for now. The community is asking: why are the accounts of ordinary businesses blocked instantly, while hackers from the Lazarus Group (North Korea) enjoy a VIP corridor?
3️⃣ Base takes the hit. While $BTC and $ETH stand still, life is bustling on Base. Token $MOCA has surged into the Top-15 by activity. Investors are seeking refuge in ecosystems with strong support.
4️⃣ Regulatory shield. It’s important to remember: as of April 1, the OCC rules came into effect, simplifying life for Ripple and Circle. A global foundation is being built while the crowd panics.
Conclusion: We are in a zone of maximum pessimism. But it is here, between hacks and regulatory victories, that the future of the next cycle is being formed. Keep an eye on on-chain data, not just on price!
#Circle #ZachXBT #DriftExploit #Moca #Base