ZachXBT: Circle’s claim that assets can only be frozen “in accordance with the law” is entirely fabricated; the 6-hour delay in handling the Drift incident is inexcusable

Foresight News reported that on-chain detective ZachXBT responded to the discussion on USDC freezing issues, stating that there are no regulations prohibiting issuers from proactively freezing funds, and Circle's claim of "acting according to the law" is actually fabricated and contradicts its own terms of service. ZachXBT used screenshots to demonstrate that Circle's terms explicitly reserve the right to freeze funds. ZachXBT said he agrees that the right to freeze should not be abused for indirect tracing and other situations, but in major incidents like the Drift Protocol case, where over 230 million US dollars were moved yet took 6 hours before action was taken, such a delay is inexcusable.