Griff Green, a member of the Arbitrum Security Council, has called for a boycott of USDC, criticizing Circle for its inaction against hackers. He pointed out that unlike Tether, which freezes hacker funds, Circle has failed to take similar measures.
Green highlighted that Tether has successfully frozen over $70 million in assets linked to North Korean hackers, attributing this proactive approach to Tether's foundation by crypto enthusiasts who understand the industry's ethos.
In contrast, Green likened Circle to a major investment bank, arguing that their focus on profits overshadows their responsibility to combat theft in the crypto space. He expressed frustration, stating, "If you have the ability to solve a problem, you are responsible for it. Circle does nothing, while Tether blocks North Korean accounts left and right."
He believes that significant pressure from the market is necessary to compel Circle to prioritize security and address the threats posed by hackers. This call for action comes in the wake of a class-action lawsuit against Circle by investors from Drift Protocol, who accused the company of negligence in the context of hacker activity.
