US EditionCircle Freezes $57M of USDC Linked to Libra Scandal
- On May 28, 2025, Circle froze approximately $57.6 million in USDC held in a pair of Solana addresses connected to the team behind the LIBRA token, following a court order issued in Manhattan.
- This freeze arose from ongoing legal disputes initiated by investors suing LIBRA's founders amid allegations of insider control over 70% of the token supply and a market crash.
- LIBRA's market value soared to $4 billion before plunging over 90%, causing collective losses exceeding $250 million and sparking investigations involving Argentine and U.S. Authorities.
- Judge Sandra Arroyo Salgado issued the freeze at the request of investor Martin Romeo, preventing any transfers from the frozen wallets labeled 'Libra' and 'Libra Deployer'.
- The freeze may help compensate investors or remain locked indefinitely, raising questions about decentralization and highlighting Circle's central control over USDC assets.
26 Articles
26 Articles
Cryptoscandalo: Reveal that the U.S. Justice Ordered the Freezing of the Money of $LIBRA and the Figure Reaches up to 280 Million Dollars
It is based on a request from attorneys who conduct the federal case in New York and includes the 57 million in the crypto USDC. Crosses with a request from the Argentine justice system. There are doubts about Hayden Davis' whereabouts.
Circle Freezes $57M of USDC Linked to Libra Scandal
Circle, the issuer of the USDC stablecoin, has frozen around $57 million of USDC in Solana wallets associated with the team behind Argentina’s pump-and-dump LIBRA token. Circle took the step in response to a Argentinian court order amid ongoing legal disputes and following steep investor losses after the LIBRA token’s collapse. The order came from Judge Sandra Arroyo Salgado at the request of victim and investor Martin Romeo, who is suing the LI…
Burwick Law requests the freeze of LIBRA in the wallets of Hayden Davis
The lawsuits against the LIBRA token project are heating up once again. Burwick Law has requested the freeze of LIBRA assets in wallets linked to Hayden Davis. The law firm, one of the main drivers of class-action lawsuits for meme tokens, has requested the additional freezing of LIBRA tokens in wallets linked to the initial team and influencers. The New York Southern District Court has granted an order to limit the trading or transfers of asse…
Implications of Circle’s $57M USDC Freeze in the LIBRA Token Scandal
Circle, the issuer of USD Coin (USDC), froze approximately $57.65 million in USDC held in two Solana-based wallets linked to the LIBRA memecoin scandal. The freeze was executed following a temporary restraining order issued by a federal court in the Southern District of New York, prompted by Burwick Law, which is representing hundreds of LIBRA […] The post Implications of Circle’s $57M USDC Freeze in the LIBRA Token Scandal appeared first on Tek…
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