Home Crypto News Circle Freeze on Zama's Confidential USDC Locks $12.6M of User Funds in...

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

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




Circle blacklisted the smart-contract address behind Zama's confidential USDC token on Friday, locking roughly $12.6 million of stablecoins inside a privacy protocol that is not itself the target of any litigation. The freeze hit Zama's cUSDC wrapper, an ERC-1967 proxy that pools USDC on behalf of… Read the full story at The Defiant

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