US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract After Three-Day Lockout
- Circle froze $12.5M of Zama’s cUSDC for three days because a judge said so. Now the Northern District of California slapped that restraining order with a swift reversal. The funds are back, and the depositors can breathe again. It’s a win for due process over corporate panic buttons. Circle tried to play judge, jury, and executioner on a civil dispute they weren’t even part of. Classic move. Zama’s Rand Hindi probably enjoyed the free vacation while his liquidity was held hostage. Meanwhile, regulators sit on their hands while private companies act like digital sheriffs. Justice is served, but the precedent? Terrifying. If Circle can freeze assets based on a whim and a lawsuit from Overnight Finance, your wallet is never safe. Stay sharp, or get frozen.