Pharmaceutical company CelaCare is suing Circle for a refund after the CEO accidentally destroyed 1 million USD Coin (USDC)
ChainCatcher news, pharmaceutical company CelaCare is suing stablecoin issuer Circle, seeking the return of 1 million USDC that its CEO Kenneth Yates mistakenly sent to the wrong address and "destroyed."
The lawsuit claims that on July 3, 2024, Yates incorrectly entered the letter B as the number "8" when sending USDC from his Coinbase account, resulting in the funds being sent to an unowned and inaccessible wallet address. CelaCare requests the court to confirm that the USDC has been destroyed and seeks $1 million in damages from Circle.
However, Circle denied the refund request on September 6.
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