Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
Zama Founder: Court Lifts Temporary Restraining Order on cUSDC Contract, Protocol Operating Normally
  • CRCLX0%
  • USDC0%
  • ZAMA0%

BlockBeats News, June 2nd — Rand, the founder of the privacy protocol Zama, announced that the freeze on Zama's cUSDC contract has been lifted, and all systems have resumed normal operation. Previously, a U.S. court had ordered Circle to temporarily freeze a $12.5 million agreement where Zama held USDC without prior notice. The court has now deemed this freeze unreasonable and has lifted the temporary restraining order. The related cUSDC contract and assets have been fully restored. Rand stated that this incident has not affected the team's trust in USDC, and Zama still plans to launch the cUSDC product later this month.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change