POPA ReconCircle suddenly froze/blacklisted a specific contract used by Zama’s “Confidential USDC” (cUSDC)
Circle suddenly froze/blacklisted a specific contract used by Zama’s “Confidential USDC” (cUSDC) This froze ≈ $12.6 million of user funds inside Zama Circle did this as it’s tied to a US civil lawsuit against Overnight Finance: a wallet linked to Overnight Finance had deposited roughly $12.4 million USDC into Zama’s contract earlier in May The plaintiffs in that lawsuit (one of them is a group called Patagon Management, known in crypto for aggressive “DAO takeovers” and raiding protocols) got a court order (a Temporary Restraining Order) that caused Circle to freeze the Zama contract Funds…
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