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BTCC / BTCC Square / Global Cryptocurrency /
$57M in USDC Frozen by Circle Amid LIBRA Token Lawsuit

$57M in USDC Frozen by Circle Amid LIBRA Token Lawsuit

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-29 05:41:02
0

Circle has frozen two wallets containing $57 million in USDC following a U.S. federal court order linked to a class-action lawsuit involving the LIBRA memecoin. The action underscores escalating regulatory scrutiny on memecoin projects as authorities prioritize investor protections.

A June 9 court hearing will determine whether the frozen funds remain locked. The case highlights the legal risks facing controversial tokens as judicial oversight tightens in the digital asset space.

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