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Circle freezes $13M USDC in Zama's contract amid rug pull allegations

Market News
30 May 2026
Crypto Briefing
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Bearish
Circle freezes $13M USDC in Zama's contract amid rug pull allegations

Circle froze approximately $13 million worth of USDC in Zama's confidential smart contract on Ethereum after links to a suspicious deposit tied to Overnight Finance and rug pull allegations. Zama's technology allows encrypted stablecoin transactions, but Circle retains control to blacklist addresses, highlighting the limits of privacy in centralized stablecoins. This incident shows that privacy layers on stablecoins do not eliminate issuer control or compliance risks, impacting investors relying on such privacy features. Projects may need to choose between decentralized stablecoins or accept compliance constraints from centralized issuers.

More News

New 'BadEngram' attack exposes hidden risks in open-weight AI models' memory components

New 'BadEngram' attack exposes hidden risks in open-weight AI models' memory components

Researchers from Pillar Security and Fujitsu revealed 'BadEngram,' a stealthy supply-chain attack targeting the gated memory components in open-weight AI models like Qwen3.8-Flash-Next and DeepSeek-V4.1-Flash. This attack implants a hidden backdoor b...

Market News
Bearish
1 hour ago
Alm. Brand A/S buys back 1.07 million shares in latest week, holding 3.49% of total shares.

Alm. Brand A/S buys back 1.07 million shares in latest week, holding 3.49% of total shares.

Alm. Brand A/S continued its share buyback program from October 6 to 12, 2026, purchasing 1,067,445 shares at an average price of DKK 16.41 per share. This brings the total shares bought under the program to 16,272,795, with a cumulative spend of abo...

Company Fundamentals
Neutral
1 hour ago
Michelin reports total voting rights and shares as of September 30, 2026, including treasury shares.

Michelin reports total voting rights and shares as of September 30, 2026, including treasury shares.

Michelin has officially declared the total number of voting rights and shares composing its capital as of September 30, 2026. The company reports 687,606,419 shares outstanding, with a theoretical total of 976,500,156 voting rights and 958,851,942 ex...

Company Fundamentals
Neutral
1 hour ago
Michelin reports total voting rights and shares as of September 30, 2026

Michelin reports total voting rights and shares as of September 30, 2026

Michelin disclosed the total number of its shares and voting rights as of September 30, 2026. The company has 687,606,419 shares and 958,851,942 voting rights, accounting for 17,648,214 treasury shares. This disclosure is part of regulatory complianc...

Company Fundamentals
Neutral
1 hour ago
US Rental Business Census 2026 counts 128,188 rental listings, revealing state-by-state rental market insights.

US Rental Business Census 2026 counts 128,188 rental listings, revealing state-by-state rental market insights.

The US Rental Business Census 2026 by Reservety reports 128,188 rental business listings across 12 categories in all US states and D.C., identifying about 114,235 unique businesses with 98,123 independent operators. Wyoming leads with the highest ren...

Market News
Neutral
1 hour ago
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