Zama Response to Circle Freezing cUSDC Contract: Legal Team Engaged, Will Soon Restore Compliance Participants' Access

BlockBeats News, May 30th: In response to the Circle Freezing of the cUSDC Contract, Zama's official statement indicated that Circle's compliance system flagged a wallet of an external depositor. Since this wallet held funds in the cUSDC contract, the entire contract was automatically swept into a standard holding freeze. This was an incidental impact and not a sanction against the Zama Protocol. Zama's legal team has intervened to isolate the flagged address and will promptly restore access for all unaffected participants.