A federal court has frozen approximately $57.6 million in USDC associated with the collapsed LIBRA meme coin. The order, issued by the Southern District of New York on May 28th via a Temporary Restraining Order (TRO), targets two Solana-based wallets linked to Kelsier Ventures, the firm behind the controversial launch. This action comes as part of an ongoing class-action lawsuit filed by Burwick Law, representing investors who claim they were misled into investing in one-sided liquidity pools, ultimately leading to the loss of over $100 million. The lawsuit names Kelsier’s co-founders Gideon, Thomas, and Hayden Davis, along with Julian Peh of KIP Protocol and Benjamin Chow of Meteora as defendants.