Circle Freeze Hits Zama cUSDC Contract, Locking $12.6M In USDC

CoinStats - Circle blocks $12.6M USDC tied to Zama privac...

Circle has reportedly frozen about $12.6 million worth of USDC tied to Zama’s confidential contract, a move observed by on-chain researcher ZachXBT. The USDC in question is associated with Zama’s privacy-focused protocol, and the contract is publicly labeled on block explorers as well as in the protocol’s technical documentation. The exact rationale behind the freeze remains unclear, even as researchers note a notable around-the-calance transact…

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

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 is locked out alongside the targeted funds.

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

Circle blacklisted a publicly labeled Ethereum smart contract tied to Zama’s privacy protocol on Saturday, freezing approximately $12.6 million in USDC following a U.S. federal court order connected to a civil lawsuit against Overnight Finance founder Maxim Ermilov. Circle’s Zama Blacklist Freezes $...

Circle Freezes $12.6 Million in Zama's cUSDC Contract: ZachXBT

Circle froze $12.6 million in Zama's cUSDC contract after blacklisting its Ethereum address, reigniting concerns over stablecoin censorship.

Circle Freeze Hits Zama cUSDC Contract, Locking $12.6M In USDC

Circle’s latest stablecoin freeze controversy has moved from wallets to protocol infrastructure. The Ethereum contract for Zama’s Confidential USDC, or cUSDC, was reportedly blacklisted, leaving about $12.6 million in USDC immobilized inside the contract and giving privacy-focused DeFi a hard reminder that issuer controls can reach into wrapped-token systems. On-chain investigator ZachXBT flagged the freeze through his Investigations channel, sa…

Circle Freezes $12.6M in Zama cUSDC With No Warning Given

A fresh controversy has erupted in the crypto industry after Circle blocklisted Zama’s confidential USDC (cUSDC) contract on Ethereum. It is freezing approximately $12.6 million in user funds. Blockchain investigator ZachXBT first reported the freeze on May 30. He raised questions about the balance between compliance requirements and decentralization. ZachXBT: $12.6M in Zama cUSDC Frozen After Circle BlacklistingZachXBT revealed that Circle may …