Circle Freezes $12.6M USDC Over Zama Protocol
May 30, 2026 at 19:11
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✦ AI Summary
- $12.6 million in USDC has been frozen
- The action relates to an ongoing civil court case
- Onchain analyst ZachXBT links the freeze to Zama
In a significant move, Circle has frozen $12.6 million in USDC tied to the privacy protocol Zama. This action appears to be linked to an ongoing civil court case that remains unrelated to Zama itself. According to onchain analyst ZachXBT, these funds were likely halted due to investigative developments surrounding the case.
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