Trending Now - Circle Halts $12.6M in USDC Amid Legal Action Against Zama

WHO:

The Block - A federal judge ordered Circle to blacklist Zama's cUSDC contract.

Cointelegraph - ZachXBT, an onchain sleuth, provided insights regarding the case.

WHAT:

The Block - Circle was ordered to freeze approximately $12.6 million in USDC linked to Zama's cUSDC contract.

Cointelegraph - The $12.6 million in USDC was frozen in connection with an ongoing but unrelated civil court case.

WHERE:

The Block - The action took place in the United States, as it involved a US court.

WHEN:

The Block - The federal judge's order occurred on a Friday night.

WHY:

The Block - The freezing of funds is likely related to a civil suit against a DAO.

HOW:

The Block - The court's order led to Circle blacklisting Zama's cUSDC contract, resulting in the freezing of funds.

(UPDATED May 31, 2026 06:19 UTC)

A federal judge has ordered Circle to blacklist Zama's cUSDC contract, leading to the freezing of approximately $12.6 million in USDC linked to that contract. This action, which took place in a U.S. court, is connected to an ongoing civil suit against a decentralized autonomous organization, or DAO. Insights regarding the case were provided by onchain sleuth ZachXBT, highlighting the complexities involved in this legal matter.