Circle Freezes $12.6M in Zama’s cUSDC Contract After Court Order in Overnight Finance Suit

TLDR: A federal judge ordered Circle to blacklist Zama’s cUSDC contract, freezing roughly $12.6 million in pooled USDC funds. Plaintiffs allege Overnight Finance’s Ermilov moved $15.77M from a shared treasury just before an OVN holder vote passed. Zama’s entire cUSDC pool was frozen because the contract holds funds from all depositors, not just the disputed [...]

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