Court Order Forces Circle to Freeze $12.6M USDC Linked to Zama Privacy Protocol
Circle, the issuer of USDC stablecoin, froze $12.6 million in assets held within Zama's privacy protocol following a court order related to the Overnight Finance case. The freeze affected unrelated users whose funds were locked in the same privacy-enhanced smart contract, raising concerns about collateral damage from legal enforcement actions in decentralized systems.


