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ZachXBT Questions Circle’s Due Diligence Over Grant to Controversial Project

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AI Summary

Concerns arise over Circle's vetting process after a grant is awarded to a project with a controversial history, potentially impacting future partnerships.

Blockchain sleuth ZachXBT posted on X, questioning Circle's due diligence after the company awarded a developer grant to a project previously caught misrepresenting partnerships. The project, which received the grant, was involved in a controversy in September 2025 for falsely claiming partnerships with the SEC commissioner and two other companies. This incident has raised concerns about Circle's vetting process for grant recipients.

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