DeFiBearishThe Block · 2h ago7/10
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Court-ordered Circle freeze traps $12.6 million in Zama cUSDC contract amid Overnight Finance suit
A court-ordered freeze by Circle has locked $12.6 million in cUSDC tokens within Zama's confidential computing contract, stemming from litigation involving Overnight Finance. Zama CEO Rand Hindi indicated the protocol was inadvertently caught in the dispute, prompting investigation into how the freeze impacts the encrypted asset layer.
