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Court Order Freezes $12.6M in Zama's cUSDC Contract Amid Overnight Finance Suit

Published on May 30, 2026

Categories: Defi Regulation Stablecoins

A court-ordered freeze has impacted Zama's confidential USDC (cUSDC) contract, trapping $12.6 million as the protocol became 'caught in a crossfire' of an Overnight Finance lawsuit. Zama's CEO is currently investigating the incident.

Zama CEO Rand Hindi said the protocol's confidential USDC contract was "caught in a crossfire" and that his team is investigating the freeze.

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A digital padlock on a smart contract interface, with a legal gavel in the background and dollar signs dissolving into code, symbolizing a court-ordered freeze of crypto assets.