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

The post Circle Freezes $12.6 Million in Zama’s cUSDC Contract: ZachXBT appeared first on Coinpedia Fintech News

More than $12.6 million worth of USDC has been frozen after Circle blacklisted the smart contract behind Zama’s confidential USDC (cUSDC) on Ethereum. The move came after a wallet linked to Overnight Finance reportedly deposited millions into the protocol.Community members are questioning why Circle froze the entire cUSDC contract rather than targeting only the wallet …