BlockBeats News, May 30th - Zama Protocol founder Rand has issued a new statement regarding the freezing of the cUSDC contract. The root cause has been identified, and the incident is completely unrelated to Zama itself or its privacy technology. Instead, it originated from the Overnight Finance hacker address depositing approximately $12.5 million USDC. At that time, the address was not flagged on the sanctions list nor was it intercepted by KYT tools. However, last night, a U.S. court issued a restraining order to freeze the hacker-related wallet. Since over 99% of the funds in the contract came from this hacker, the court directly ordered the freezing of the entire packaging contract to lock the proceeds of crime.

Zama emphasized that it has always adhered to a "compliance and confidentiality" stance, and will never tolerate any illegal activities. Currently, they are in communication with all parties to unfreeze the funds as soon as possible. At the same time, they have suspended the cUSDC, cUSDT, and cWETH contracts for a thorough investigation and will release a detailed post-incident analysis and future solutions for handling such court requests.