Multichain Breach Forces Circle to Freeze $63 Million in USDC
USD Coin (USDC) issuer Circle has frozen $63 million belonging to three wallet addresses associated with the hack of the cross-chain bridge platform Multichain. In a Friday tweet, security firm PeckShield revealed that C...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a Friday tweet, security firm PeckShield revealed that Circle has frozen $27.65 million, $30.1 million, and $5.5 million in three wallet addresses that received a significant outflow of funds from Multichain after the security breach....
Read More: Multichain Breach Forces Circle to Freeze $63 Million in USDC
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Circle Reveals $819 Million USDC Payouts As Stablecoin Economics Come Under Scrutiny
TL;DR: Circle says it generated roughly $1.4 billion in first-half 2026 revenue while spending $819 million on distribution partne...
Circle paid $819 million to USDC partners in the first half of 2026
Circle's strategy of high partner payouts for USDC growth may strain margins, impacting long-term sustainability and market expans...
Bitcoin’s Old Guard Stirs as 13-Year-Old Wallets Move Millions
Two bitcoin addresses dating to 2013 collectively moved approximately $34 million in bitcoin within five seconds on Saturday, Oct....
Circle Says 59 Cents of Each Revenue Dollar Went to USDC Partners and Transaction Costs
Circle said it paid about $819 million of its roughly $1.4 billion in first-half 2026 revenue to USDC distribution partners and tr...
Qubic Loses $1.3 Million in Wallet Raid Before Network Halts
An overnight cryptocurrency theft emptied 1,404 Qubic wallets of approximately 2.94 trillion QU, worth $1.3 million, before valida...
Circle Targets 40 New Markets As USDC Push Moves Beyond Crypto Trading
TL;DR: Circle plans to expand USDC infrastructure into approximately 40 developing and emerging markets. The company is targeting...