Judge Extends Freeze on Stolen USDC Wallets

A New York judge has extended the freeze on approximately $63 million in stolen USDC stablecoins, a decision that supports the claims of the liquidator from the defunct cryptocurrency cross-chain bridge, Multichain. The order, issued by Judge David S. Jones, requires Circle to maintain the freeze on three Ethereum wallets while preserving the funds’ backing. The judge warned against lifting the freeze as it could lead to ‘irreparable harm,’ and the order also paused a separate class-action lawsuit filed by U.S. investors seeking control over the stolen funds. ]