Svmuu News: Rand, founder of privacy protocol Zama, posted on platform X, stating that the freeze on Zama’s cUSDC contract has been lifted, and all systems have resumed normal operation.
According to his introduction, the US court had previously, without prior notice, ordered Circle to temporarily freeze a protocol contract worth $12.5 million in USDC held by Zama. The court has now deemed the freeze unreasonable and revoked the Temporary Restraining Order (TRO). The related cUSDC contract and assets have been fully restored.
Rand stated that this incident did not affect the team's trust in USDC, and Zama still plans to launch the cUSDC product later this month.
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Zama Founder: Court Lifts Temporary Restraining Order on cUSDC Contract, Protocol Now Fully Operational
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