# USD Coin

Type: Token (USDC)

Source: Crypto Intelligence Brief — https://getcryptobrief.com/entity/usd-coin-token
Canonical HTML page: https://getcryptobrief.com/entity/usd-coin-token

## Timeline

- **2026-03**: SICC issues freezing injunction — The SICC grants an interim injunction over 780 BTC and 816,773 USDC plus proceeds, and orders the defendant to disclose the assets' whereabouts.
- **2025-01**: Claimants discover the ledger error — The claimants learn the internal ledger balances for the specialised wallets were incorrect and that the earlier transfers were made by mistake.
- **2024-07**: Claimants mistakenly transfer assets — Based on the mistaken ledger belief, the claimants transfer 2,500 BTC and 2,500 BCH into the defendant's other wallets.
- **2024-07**: Defendant moves and converts assets — Between July and November 2024, the defendant converts 20 BTC into approximately 816,773 USDC and transfers that USDC plus 780 BTC to wallets not hosted by the claimants.
- **2020-03**: Ledger fails to record transfers out — For technical reasons, the platform's internal ledger does not record transfers out of the defendant's specialised wallets, leaving the balances shown as empty.
- **2018**: Specialised wallets cease support — The claimant platform ends support for the defendant's specialised wallets, but the internal ledger later fails to reflect certain outflows.

## Recent coverage (1 stories)

### SICC Freezes 780 BTC and 816,773 USDC in Exchange Wallet Dispute
2026-08-19 07:58:59 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

The SICC has ordered a freeze over 780 BTC and 816,773 USDC in a dispute over wallet balances and off-platform transfers. Web3 participants should watch how the court treats exchange custody records and stablecoin conversion.
Full story: https://getcryptobrief.com/story/sicc-freezes-780-btc-816773-usdc-wallet-dispute

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