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by: xpoolPosted on: May 30, 2025

US Court Freezes $57.6M in USDC as Part of LIBRA Token Case

A significant legal action against Kelsier Ventures has resulted in the freezing of $57.6 million worth of USDC by Circle, a move initiated following a US federal court order. This case stems from the controversial LIBRA token incident, which led to market volatility and heightened regulatory scrutiny in the cryptocurrency sector.

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