TLDR Tech / Crypto
Zama's cUSDC Freeze Has Been Lifted
Zama CEO Rand Hindi confirms the court-ordered freeze on Zama's cUSDC contract has been reversed after the same court determined it was unwarranted, with all $12.6M in user funds now accessible again. The freeze had been triggered because a single depositor, who ended up accounting for over 99% of the contract's TVS, was the subject of a separate civil lawsuit involving Overnight Finance, and plaintiffs sought a blanket freeze through Circle with no advance notice to Zama.
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