$CRCLB 😮💨 **Full alert!** Circle is facing a systemic risk being squeezed out completely:
**Compliance crisis** — ZachXBT’s report discloses that since 2022, Circle has failed to adequately enforce compliance, involving more than $420 million in illicit funds. Of the $285 million stolen in the Drift hack, $232 million in USDC was freely transferred within six hours via CCTP without being frozen.
**Criminal allegations** — Prosecutors in Wisconsin have filed criminal charges, alleging that Circle refused to cooperate with the court’s order to recover $381,000 in USDC scam funds.
**Wall Street downgrade** — Morgan Stanley cut its rating from “Neutral” straight down to “Underweight,” slashing its target price from $106 to $38.
**Depegging history** — USDC once plunged 13% to 87 cents, and experts warn that catastrophic risk still remains.
Who dares to take the bag? **Liquidate! Target 38!** down↘️
**Compliance crisis** — ZachXBT’s report discloses that since 2022, Circle has failed to adequately enforce compliance, involving more than $420 million in illicit funds. Of the $285 million stolen in the Drift hack, $232 million in USDC was freely transferred within six hours via CCTP without being frozen.
**Criminal allegations** — Prosecutors in Wisconsin have filed criminal charges, alleging that Circle refused to cooperate with the court’s order to recover $381,000 in USDC scam funds.
**Wall Street downgrade** — Morgan Stanley cut its rating from “Neutral” straight down to “Underweight,” slashing its target price from $106 to $38.
**Depegging history** — USDC once plunged 13% to 87 cents, and experts warn that catastrophic risk still remains.
Who dares to take the bag? **Liquidate! Target 38!** down↘️