Judge unfreezes $57.6 million in USDC assets related to Libra

PANews reported on August 21st that, according to Decrypt, a Manhattan federal judge has unfrozen $57.6 million in USDC assets linked to the Libra (LIBRA) meme coin scandal. The assets were previously frozen due to investor allegations that Hayden Davis (CEO of Kelsier Labs) and Ben Chow (founder of Meteora) misled investors. The judge stated that the defendants cooperated in the lawsuit, the plaintiffs failed to prove irreparable harm, and the case is still in its early stages. Libra, which was promoted by Argentinian President Javier Milei, saw its market value plummet 97% after its listing.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
2025-08-21 00:58
2025-08-21 00:56
2025-08-21 00:54
2025-08-21 00:48
2025-08-21 00:41
2025-08-21 00:35

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读