Navsnft

One of our hot wallets by @circle 3 days ago. A few minutes ago, Circle unfroze our hot wallet. However, the the blacklist did an irreparable damage as some exchanges such as Binance stopped processing withdrawals from our users to their deposit addresses because they are directly connected to our hot wallet. We do not blame Binance for doing that in order to protect their customers, but that simply creates a bad user experience for being a customer of ours when our hot wallet should not have been blacklisted in the first place. We would like to thank @zachxbt for helping us communicate through the right channels to remove the blacklist and amplifying the message on X and his Telegram channel. Circle should definitely have a different procedure for blacklisting as it hurts businesses that contribute to their ecosystem. As a business that was affected by this, we have to reconsider supporting $USDC as a cryptocurrency.

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