$12.6 Million in Zama cUSDC Frozen Following Circle Blacklist Action

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The post $12.6 Million in Zama cUSDC Frozen Following Circle Blacklist Action appeared first on Coinpedia Fintech News

Blockchain investigator ZachXBT reported that Circle may have blacklisted the Ethereum contract address associated with Zama’s confidential USDC (cUSDC), freezing approximately $12.6 million in user funds. The address had recently participated in an Overnight Finance governance vote related to treasury allocation. The freeze matters because it raises questions about the impact of blacklist actions on …