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Judge Unfreezes over $57M in Stablecoins Linked to Libra Token Scandal

Summary by Cointelegraph
A US judge has unfrozen $57.6 million in funds tied to the promoters of the failed Libra token, which launched in February and collapsed within hours.

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Kelsier Ventures CEO would seek to prove that he did not attempt to swindle investors and thus close down the criminal case at Comodoro Py, although token has no market value today

·Buenos Aires, Argentina
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A court in New York had ordered to freeze millions in USDC of two wallets associated with LIBRA’s advisor, Hayden Davis. Now, the judge in charge has decided to reverse that measure by again giving access to those tokens. *** A new twist in the LIBRA scandal, which caused political turmoil in Argentina. Judge in New York unfreezes millions in USDC associated with the promoter, Hayden Davis. It had been ordered to block those tokens as part of a …

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la Nacion broke the news in Buenos Aires, Argentina on Tuesday, August 19, 2025.
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