Svmuu reports that "on-chain detective" ZachXBT posted on his personal channel, stating that upon further analysis, Circle has blacklisted the cUSDC contract of privacy protocol Zama on Ethereum. An address deposited approximately $12.4 million USDC into the Zama protocol on May 11, 2026, and this address is linked to Overnight Finance. Recently, the project initiated a governance vote on Snapshot to allocate treasury funds after users accused the team of conducting a rug pull.
Previously, it was reported that the cUSDC contract of the Zama protocol on the Ethereum chain has been blacklisted by stablecoin issuer Circle.
Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
Faster global financial news!
ZachXBT: Zama cUSDC Contract Frozen Funds May Be Linked to Overnight Finance
30/05/2026 04:59
Complaint Report
Complaint Report
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
24H Trending
-
Iranian Foreign Ministry: Iran and the U.S. Reach Agreement
-
Binance Seven U-denominated perpetual contracts, including LRCX and KLAC, will be launched
-
Gate's Stock Contracts Section Launches Trading for 8 Perpetual Contracts, Including ADSK (Autodesk) and BKNG (Booking.com Holdings)
-
Learn More About the ALTHEA Token (ALTH) and Its Decentralized Network
-
After going long on crude oil with 10x leverage, the position is showing a paper loss of $1.33 million; a certain address holds CL long positions worth $37.77 million
-
The OKX DEX xStocks Trading Competition is currently underway, with a total prize pool of 300,000 USDC
-
Morgan Stanley Updates Ethereum and Solana ETF Filings, Proposing a 0.14% Fee
-
A "smart money" investor bet $320,000 on Argentina to beat Austria in the World Cup group stage
-
Record-High AI-Driven Leveraged Bets in Asia: SK Hynix’s 2x Long ETF in South Korea Reaches $13 Billion in Assets Under Management
-
Iranian media report that Iran-U.S. negotiations have resulted in five key points
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
Scan to Download App
