Zama Responds to Circle Freezing cUSDC Contract: Legal Team Engaged, Will Soon Restore Qualified Participants' Access
BlockBeats News, May 30th, Zama's official response to Circle's freezing of the cUSDC contract incident. Circle's compliance system flagged a wallet of an external depositor due to holding funds in the cUSDC contract, causing the entire contract to be automatically swept into a standard holding freeze. This was only an incidental damage and not a sanction against the Zama Protocol. Zama's legal team has intervened, isolating the flagged address and will restore access for all unaffected participants as soon as possible.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
On-chain analyst: Evaded account leveraged trading unrealized profit reaches 897,000
Whale Evaded went long on-chain with $31.88 million in tech stocks, holdings include Microsoft and Oracle
Base status update outage lasts over 30 hours, withdrawals delayed
Trending news
MoreCrypto prices
More
