Circle froze $560,200 USDC in a large freeze action on Solana — May 1, 2026 at 4:39 AM UTC
Recorded directly from the Solana network.
What this on-chain record shows
On May 1, 2026 at 4:39 AM UTC, Circle froze $560,200 USDC at wallet GS1pyDnbroT9cFmAmCsCWjVS4HUPWgL2tRFsNbAxErH1 on Solana. FreezeRadar indexed this FreezeAccount log from the official USDC contract. This is a public issuer action, not a FreezeRadar freeze and not a legal determination.
Transaction 4Y4HDQYGPg...uWH48eL4 at block 416,804,569. Open the wallet archive for the full freeze timeline, or verify the same log on the chain explorer.
Why was GS1pyDnb...AxErH1 frozen?
The freeze event is recorded as Circle's FreezeAccount for USDC. A critical scan finding describes a direct issuer blacklist match on-chain. Likely explanations are compliance-driven, such as sanctions screening, fraud mitigation, or another legal or regulatory action, but no official reason has been published.