Circle Blacklists Zama Protocol Handle, Freezing .6M In Consumer Funds

Circle Blacklists Zama Protocol Handle, Freezing $12.6M In Consumer Funds

Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Ad Disclosure Stablecoin issuer Circle has reportedly blacklisted a sensible contract linked to privateness protocol Zama, freezing roughly $12.6 million in consumer funds. The event, first flagged by on-chain investigator ZachXBTentails the protocol’s Confidential USDC (cUSDC) contract deployed on Ethereum seven hours earlier…

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Circle Freezes .6M in Stablecoins Linked to Zama With out Prior Discover: ZachXBT

Circle Freezes $12.6M in Stablecoins Linked to Zama With out Prior Discover: ZachXBT

Stablecoin issuer Circle froze $12.6 million in USDC dollar-pegged tokens linked to privateness protocol Zama’s confidential USDC sensible contract on Saturday, in response to onchain sleuth ZachXBT. The sensible contract is “publicly labeled” on block explorers and the privateness protocol’s technical documentation, ZachXBT said. The precise purpose for the freeze is “unclear,” he mentioned, adding…

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