Re7 Labs Leverages Legal Expertise in Asset Recovery Dispute

Re7 Labs has engaged legal counsel from Pillsbury Winthrop Shaw Pittman to investigate and provide strategic advice regarding asset recovery efforts. The decision follows several unsuccessful attempts to secure satisfactory responses from Stream Finance and Stables Labs, prompting the firm to send legal notices demanding repayment and evidence preservation. This action comes as Re7 Labs successfully restored Morpho Worldchain’s sdeUSD position, which significantly reduced the company’s treasury risk exposure by over 50%. This move follows a previous report by Foresight News that outlined the $27 million in losses associated with issues related to stablecoin protocols like Stream.