Griff Green, a member of the Arbitrum Security Council, stated that Circle does not freeze hackers' funds, unlike its competitor Tether. He believes the leadership of the USDC issuer prioritizes profit over security.
Arbitrum Security Council Member: Circle Is Clearly Not Full of Good Men
— Wu Blockchain (@WuBlockchain) April 29, 2026
Arbitrum Security Council member Griff Green @griffgreen states that Tether actively freezes hacker funds, while Circle does nothing. He believes Tether consists of traditional crypto natives who value… pic.twitter.com/H74or5U0Lk
Green noted that Tether actively freezes assets linked to North Korean hackers and has already returned over $70 million. He attributed this to the company's roots, stating it was founded by "crypto-oriented" individuals who share the industry's values.
He characterized Circle as an entity akin to Goldman Sachs, suggesting that the company is only interested in financial metrics and ignores thefts unless addressing them yields clear benefits.
“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 stated.
As a form of pressure, Green urged users to sell USDC. He believes that only market signals can compel the company to take hackers seriously, as they "destroy user portfolios and the entire world."
It is worth noting that in April, investors in Drift Protocol filed a class-action lawsuit against Circle, accusing the company of aiding hackers and negligence.