Zama founder responds to cUSDC freeze: It's a court-ordered restraining order, not related to the agreement or privacy.

CoinFeed reported on May 30th that Rand, the founder of the Zama protocol, stated on the X platform that, with the assistance of on-chain detective ZachXBT, the root cause of the cUSDC contract freeze has been identified. The freeze was caused by a court order against an address associated with the Overnight Finance hackers. This address had deposited approximately $12.5 million USDC into the cUSDC contract, representing over 99% of the contract's funds, leading to the entire contract being frozen. Rand emphasized that this freeze is unrelated to the protocol itself or privacy technology, and is not a sanction against Zama; it is a typical DeFi legal restriction scenario. The project adheres to compliance and privacy principles, not obscuring the sender and receiver of transactions, only hiding the balance and amount.