The post RAIN token’s $9B surge faces ZachXBT insider warning appeared on BitcoinEthereumNews.com.
RAIN, the token linked to Rain Protocol, has come under scrutiny after crypto traders and on-chain investigator ZachXBT raised questions about its supply structure, liquidity activity and project links. Summary FabianoSolana claimed RAIN reached a $9B FDV while 81 wallets held nearly all supply. ZachXBT said RAIN deployer-linked wallets were active in Uni V3 liquidity positions. The claims add fresh pressure to thinly traded tokens with hidden supply and insider concerns. The discussion began after FabianoSolana claimed that RAIN had become a top 15 crypto token with a fully diluted valuation near $9 billion. The account also alleged that the top 81 wallets hold 99.97% of the token supply. That claim has not been independently confirmed by the project in the posts reviewed. However, it drew attention because high wallet concentration can increase price risk if insiders, early holders or r
The post Circle Freezes $12.6M in Stablecoins Linked to Zama Without Prior Notice: ZachXBT appeared on BitcoinEthereumNews.com.
Stablecoin issuer Circle froze $12.6 million in USDC dollar-pegged tokens linked to privacy protocol Zama’s confidential USDC smart contract on Saturday, according to onchain sleuth ZachXBT. The smart contract is “publicly labeled” on block explorers and the privacy protocol’s technical documentation, ZachXBT said. The exact reason for the freeze is “unclear,” he said, adding that wallets linked to the Overnight Finance decentralized finance (DeFi) protocol deposited $12.4 million into the Zama protocol on May 11, 2026. He said: “Overnight Finance held a governance vote recently to distribute treasury funds after holders alleged the team was rug-pulling. Regardless, it’s precedent-setting to unilaterally freeze the contracts or addresses of a protocol where funds have been commingled with Zama users.” Source: ZachXBT “From my understanding, the Zama team does
The post ZachXBT Says $12.6 Million In Zama CUSDC May Have Been Frozen After Circle Blacklisting appeared on BitcoinEthereumNews.com.
A new controversy is making the rounds in crypto after blockchain investigator ZachXBT said Circle may have blacklisted a contract tied to Zama’s confidential USDC, or cUSDC, on Ethereum, freezing around $12.6 million in user funds. According to ZachXBT, the blacklist action happened roughly seven hours before he shared the update, and it appears to have locked the contract address used for Zama’s privacy-focused stablecoin setup. If accurate, that would mean users suddenly lost access to a very large amount of funds without much warning, which is exactly the kind of thing that tends to set off alarms in the crypto world. What makes the situation even messier is the fact that the address allegedly froze after recently taking part in an Overnight Finance governance vote about treasury allocation. That detail matters because it suggests the contract wasn’t
The native token of the Rain prediction markets protocol (RAIN) surged 44% to an all-time high of $0.01195, pushing its market capitalization to $7.2 billion and placing it in the top 20 digital assets. Rain Token Hits All-Time High The native token of the prediction markets protocol Rain jumped 44% to reach an all-time high […]
The capital commitment powers Rain’s upcoming V2 launch ahead of the FIFA World Cup, establishing one of the deepest liquidity foundations in prediction markets and positioning Rain alongside industry leaders Polymarket and Kalshi Rain, the decentralized prediction markets protocol, announces a $100 million liquidity commitment to support the launch of
The suspected exploit could undermine trust in stablecoin security, impacting investor confidence and regulatory scrutiny in the sector.
The post Stablecoin issuer StablR potentially exploited for over $3M in dual contract attack: ZachXBT appeared first on Crypto Briefing.
