Centre Freezes Ethereum Address Holding $100K USDC

[Nostoman]

Stablecoin issuer Centre has confirmed they froze an Ethereum address holding $100,000 USDC at the request from law enforcement.
Centre, the company that issues the stablecoin USD Coin (USDC) has blacklisted an Ethereum address holding $100,000 in USDC in response to a law enforcement request. In the first of its kind, the address had a “blacklist(address investor)” function called on June 16, 2020.

It’s not yet clear the reason behind the law enforcement request, but Centre Consortium — founded by Circle and Coinbase — did release a statement confirming the blacklisting:
Source: https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc