On September 13, the pharmaceutical company CelaCare sued stablecoin issuer Circle, demanding that its CEO Kenneth Yates return $1 million USDC that was mistakenly sent to the wrong address and "destroyed".
The lawsuit alleges that Yates incorrectly entered the letter B in the address as the number "8" on July 3, 2024, while sending USDC from a Coinbase account, resulting in funds going to an unowned and inaccessible wallet address. CelaCare asked the court to confirm that USDC had been destroyed and asked Circle to pay $1 million.
However, Circle rejected the refund request on September 6.
Pharmaceutical company CelaCare sued Circle for refund after CEO mistakenly destroyed $1 million USDC
2024-09-13 01:52:31
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