Circle Blacklists Zama Protocol Address, Freezing Millions in cUSDC Funds on Ethereum
Circle Blacklists Zama Protocol Address, Freezing Millions in cUSDC Funds on Ethereum
Stablecoin issuer Circle has reportedly blacklisted a smart contract associated with the privacy protocol Zama, leading to the freezing of approximately $12.6 million in user funds. This action targeted Zama's Confidential USDC (cUSDC) contract, which was deployed on the Ethereum network. The incident, first flagged by on-chain investigator ZachXBT, highlights the potential for centralized control within decentralized finance ecosystems.
Stablecoin issuer Circle has reportedly blacklisted a smart contract linked to privacy protocol Zama, freezing approximately $12.6 million in user funds. The development, first flagged by on-chain investigator ZachXBT, involves the protocol’s Confidential USDC (cUSDC) contract deployed on Ethereum seven hours before ban. The affected contract address had been publicly documented in Zama’s docs and visible […]