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Circle Freezes $12.6M in Stablecoins Linked to Zama Without Prior Notice: ZachXBT

Stablecoin issuer Circle has frozen $12.6 million in stablecoins linked to the Zama privacy protocol, a decision that was criticized by onchain analyst ZachXBT.

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cointelegraph.comStai leggendo1 mesi fa

Circle Freezes $12.6M in Stablecoins Linked to Zama Without Prior Notice: ZachXBT

Stablecoin issuer Circle has frozen $12.6 million in stablecoins linked to the Zama privacy protocol, a decision that was criticized by onchain analyst ZachXBT.

originale

cryptobriefing.com1 mesi fa

Circle freezes Zama's USDC contract, locking $13M amid rug pull allegations

Circle blacklisted Zama's cUSDC smart contract on Ethereum, freezing $12.6M in USDC linked to Overnight Finance rug pull allegations.

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theblock.co1 mesi fa

Court-ordered Circle freeze traps $12.6 million in Zama cUSDC contract amid Overnight Finance suit

Zama CEO Rand Hindi said the protocol's confidential USDC contract was "caught in a crossfire" and that his team is investigating the freeze.

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news.bitcoin.com1 mesi fa

Zama Users Lose Access to $12.6M USDC After Circle Executes Court-Ordered Blacklist

Circle froze $12.6M USDC in Zama's cUSDC contract May 30 after a federal court order tied to an Overnight Finance civil lawsuit.

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thedefiant.io1 mesi fa

US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract After Three-Day Lockout - "The Defiant"

Court lifts Zama's 72-hour freeze, setting precedent that pool depositors can contest contract-level stablecoin blacklists. Zama's "transitive compliance" ensures freezes affect targeted addresses only, auto-mirroring to cUSDC without locking the entire pool.

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Timeline cronologica

1. sabato 30 maggio 2026·cryptobriefing.com
   

   Circle freezes Zama's USDC contract, locking $13M amid rug pull allegations

   Circle blacklisted Zama's cUSDC smart contract on Ethereum, freezing $12.6M in USDC linked to Overnight Finance rug pull allegations.

2. sabato 30 maggio 2026·theblock.co
   

   Court-ordered Circle freeze traps $12.6 million in Zama cUSDC contract amid Overnight Finance suit

   Zama CEO Rand Hindi said the protocol's confidential USDC contract was "caught in a crossfire" and that his team is investigating the freeze.

3. sabato 30 maggio 2026·news.bitcoin.com
   

   Zama Users Lose Access to $12.6M USDC After Circle Executes Court-Ordered Blacklist

   Circle froze $12.6M USDC in Zama's cUSDC contract May 30 after a federal court order tied to an Overnight Finance civil lawsuit.

4. sabato 30 maggio 2026·thedefiant.io
   

   Circle Freeze on Zama's Confidential USDC Locks $12.6M of User Funds in DeFi 'Crossfire' - "The Defiant"

   A court-ordered restraining order pushed Circle to blacklist Zama's cUSDC wrapper on Ethereum. The privacy protocol is not a defendant — but every depositor in the pooled contract…

5. sabato 30 maggio 2026·cointelegraph.com
   

   Circle Freezes $12.6M in Stablecoins Linked to Zama Without Prior Notice: ZachXBT

   Stablecoin issuer Circle has frozen $12.6 million in stablecoins linked to the Zama privacy protocol, a decision that was criticized by onchain analyst ZachXBT.

6. martedì 2 giugno 2026·cointelegraph.com
   

   Zama Accelerates Compliance Push After Court Reverses $12.5M USDC Freeze

   Privacy-focused protocol Zama is expanding compliance measures after a US court lifted a $12.5 million USDC freeze, arguing the order unfairly impacted uninvolved users.

7. martedì 2 giugno 2026·thedefiant.io
   

   US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract After Three-Day Lockout - "The Defiant"

   A federal judge in the Northern District of California reversed the TRO that pushed Circle to blacklist Zama's cUSDC, restoring $12.5M to depositors.