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The judge has unblocked the $57.6 million USDC assets related to Libra.
According to reports from HashWorld, a federal judge in Manhattan, USA, has unblocked $57.6 million in USDC assets related to the Libra meme coin scandal. Previously, the assets were frozen due to investor allegations against Kelsier Labs CEO Hayden Davis and Meteora founder Ben Chow for misleading investors. The judge noted that the defendants are cooperating with the lawsuit investigation and the plaintiffs could not prove irreparable harm, and the case is still in its early stages. Libra was promoted by Argentine President Javier Milei, and after its launch, its market value plummeted by 97%.
$USDC #Cryptocurrency Blockchain #Libra Circle #LegalNews