ZachXBT: Circle's claim that it can only freeze funds "in accordance with the law" is entirely fabricated.

Techub News reports, according to on-chain detective ZachXBT's post on platform X, the accusation that Circle can only freeze funds by "acting in accordance with the law" is purely fabricated and contradicts the freeze rights reserved in its terms of service. ZachXBT believes that while the freeze power should not be abused, Circle's delay of 6 hours in taking action during the major security incident where Drift Protocol was hacked, resulting in the transfer of over $230 million, is inexcusable. He emphasized that there are no regulations preventing issuers from proactively freezing funds in emergencies, and Circle's delayed operation has negatively impacted the entire ecosystem.