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Zama cUSDC Contract Unfrozen After U.S. Court Lifts May 29 Freeze Order

Enforcement Actions

2026-06-02 15:22:15

ZAMA-2.17%

USDC-0.02%

According to Zama, the cUSDC contract and its held USDC have been fully unfrozen as of June 2, following a U.S. court's decision to lift a freeze order issued on May 29 without prior notice to Zama. The court determined the freeze had no valid legal basis. The original freeze targeted funds related to a dispute between stakeholders of Overnight Finance and was not directed at Zama or privacy concerns.

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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