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BTCC / BTCC Square / Global Cryptocurrency /
Circle Freezes $57M in USDC Following Court Order in LIBRA Token Lawsuit

Circle Freezes $57M in USDC Following Court Order in LIBRA Token Lawsuit

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-29 05:34:12
0
USDC News -

Circle has frozen two wallets holding $57 million worth of USDC stablecoins, complying with a U.S. federal court mandate tied to a class-action lawsuit against the LIBRA memecoin. The funds will remain locked until a June 9 hearing determines their final disposition.

This case highlights growing regulatory pressure on memecoin projects, with courts increasingly stepping in to safeguard investors. Authorities are ramping up legal challenges against speculative token offerings, questioning their legitimacy.

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