Circle froze $12.6 million in USDC. The funds are linked to Zama, a privacy-focused protocol. And the whole thing stems from a civil court case that's entirely separate from Zama's day-to-day operations — at least, that's what's being said right now.
Circle Freezes $12.6M USDC Tied to Zama as Civil Case Rattles Crypto Privacy Sector
Source: The Currency Analytics