Posts
avatar

interesting and a bit alarming case. Circle blacklisted @zama’s cUSDC contract, instantly freezing $12.6m in user funds. once again, Circle blacklisted a live smart contract, an alarming precedent, though as Roman Storm pointed out, it has happened before so what's happened. Zama says the freeze wasn’t about its privacy tech, but because 99%+ of the cUSDC wrapper came from funds later linked to the Overnight Finance hack, so the court froze the contract and Zama paused related wrappers pending investigation. Zama’s founder also said they are "not a mixer" and don’t hide senders or recipients, only balances and amounts but i think regardless of whether you’re trying to be a mixer or not, funds can still be instantly frozen by court order. that’s the reality here so yeah, not all privacy is private in the same way, and not all "decentralized" things are as decentralized as claimed

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment