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Circle Blacklists Zama cUSDC Contract; $12.4M USDC Linked to Overnight Finance on May 11

GateNews

Security Incidents On-Chain Data Exchange Risk

2026-05-30 09:01:05

ZAMA0.33%

ETH1.32%

According to on-chain detective ZachXBT, Circle has blacklisted Zama's cUSDC contract on Ethereum. An address deposited $12.4 million USDC into the Zama protocol on May 11, and the address is associated with Overnight Finance, a project that faced Rug Pull allegations.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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StopLookingUpAtTheMountain.

· 4h ago

On-chain detective ZachXBT states that Circle has blacklisted Zama's cUSDC contract on Ethereum. On May 11, an address deposited $12.4 million USDC into the Zama protocol, and this address is associated with Overnight Finance, a project that has faced Rug Pull allegations.

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