Kelsier Ventures, under scrutiny in a USDC-related lawsuit, has seen its assets frozen amounting to $57.65 million by court order. Circle’s actions also halted USDC funds on Solana wallets tied to the company, with the defendants facing fraud and manipulative practices allegations. 💸 The freeze significantly affects investors and the operation of LIBRA token, halting on-chain activities as a result. ⛓️ This case underscores the need for regulatory oversight in the crypto industry, highlighting potential financial risks associated with decentralized finance. 💰 The legal battle is expected to set new precedents while impacting future operations of similar tokens. ⚖️.