US EditionUS Court Freezes $57M USDC Allegedly Linked to LIBRA Scandal
- A U.S. federal court froze approximately $57.65 million in USDC linked to two Solana wallets tied to the LIBRA memecoin on May 28, 2025.
- The freeze followed a class-action lawsuit filed in March 2025 against Kelsier Ventures and its co-founders, alleging misleading investors and siphoning over $100 million.
- The LIBRA token launched in February 2025, rapidly surged to a $4 billion market cap, then crashed 90% amid accusations of a pump-and-dump scheme involving insiders.
- Circle executed the freeze using its multisig authority, immobilizing $44.59 million and $13 million in two wallets, while lawyer Max Burwick confirmed the court's temporary restraining order.
- The asset freeze may prevent further losses and ensure victim compensation, possibly setting a precedent to hold crypto promoters accountable for investor deception.
26 Articles
26 Articles
One is the account creating the digital asset, which is presumed to be from the businessman Hayden Davis; the other was part of the profits after the collapse
They were in two crypto wallets that participated in the launch of the token and had received profits after the collapse.The rest is in a currency that is not reached by the measure.Argentine criminals and a Belarusian who lost more than $1 million among those affected.
Libra Debacle Deepens: Milei’s Endorsed Token Triggers $57M USDC Freeze News ETHNews
US firm says NY judge froze $57.6M USDC; Argentine victims credit their Buenos Aires court order. Dispute follows collapse of “libra” token, once backed by Argentina’s Milei amid fraud and bribery allegations. At the center of a legal tug-of-war, two versions conflict over who ordered the freeze of $57.6 million in USDC held in two digital wallets. Burwick Law, a US firm focusing on token disputes, said a judge in the Southern District of New Yo…
The U.S. Justice ordered the freezing of US$ 280 million in assets linked to the US$LIBRA cryptocurrency, in a measure that seeks to preserve funds for possible compensation to investors affected by an alleged fraudulent scheme. The decision was taken by Judge Jennifer L. Rochon of the South District Court of New York, in response to a collective lawsuit filed by the law firms Treanor Law and Burwick Law. According to the court documents, the de…
It seeks to prevent the alleged perpetrators from having the funds available as the judicial case progresses.The entry U.S. Justice will freeze $280 million of the proceeds of $Libra was first published in #BorderJournalism.
The Federal Court of the Southern District of New York ordered the freezing of US$280 million of the profits generated by the sale of the cryptocurrency Libra, whose launch was promoted by President Javier Milei on February 14.The measure, requested by the Treanor legal study, aims to prevent the alleged perpetrators from having the funds while advancing the judicial case.Judge Jennifer Louise Rochon was the one who signed the decision to which …
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