Circle is the fourth stablecoin issuer to blacklist Lazarus Group-linked wallets, but a blockchain analyst has called out the firm for doing so months after other stablecoin issuers.
Circle has become the latest stablecoin issuer to blacklist addresses tied to North Korea’s notorious Lazarus Group, blockchain data shows.
More than $1.5 million worth of Circle’s USD Coin (USDC) were blacklisted on Sept. 14 from the wallet addresses “0x36f…22A70” and “0x12E…44DB6.”
However, blockchain sleuth ZachXBT criticized Circle in a Sept. 14 X post, noting it came more than four months after competitor firms Tether, Paxos, and Techteryx took similar action in late April.
