Wu Says He Has Learned That Rand, the founder of the privacy protocol Zama, posted an announcement saying that the freeze on Zama’s cUSDC contract has been lifted, and all systems have returned to normal. Previously, on May 29, a U.S. court ordered Circle to temporarily freeze a $12.5 million USDC agreement contract held by Zama without prior notice. The court has now determined that the freeze was unreasonable and has lifted the temporary restraining order (TRO), fully restoring Zama’s cUSDC contract and assets. Zama stated that the incident did not affect its trust in USDC and that it still plans to launch the cUSDC product later this month.

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QueueJumper
· 18m ago
Zama's attitude is good, still pushing products after being messed with
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NonceNinja
· 5h ago
Unfreezing is fine; almost lost the 12.5 million.
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SlippageSailor
· 5h ago
Don't just listen to the words about unshakable trust; the body is the most honest.
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GateUser-de2a15eb
· 5h ago
Privacy Policy + Stablecoins, this combination will inevitably attract regulatory scrutiny sooner or later
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BoredInBlockspace
· 5h ago
The privacy track has had a tumultuous year; Zama, take care.
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BeGentleWithLeverage
· 5h ago
Launching later this month, the schedule is pretty tight, will it be on time?
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GateUser-e84f640c
· 5h ago
Still trusting USDC? I might need to diversify a bit.
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GateUser-318a7dc8
· 5h ago
Rand's post tone is quite steady; probably had a plan in place early on.
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ZkSketcher
· 5h ago
12.5 million can be frozen instantly; the fragility of DeFi is fully exposed.
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GateUser-83a2dd8a
· 5h ago
Did they revoke this TRO a bit too quickly? Did they reach an agreement behind the scenes?
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