Libra Token Fallout: Court Blocks $ 57.65m in USDC linked to Kelsier Ventures

A Federal Court of the United States ordered the freezing of approximately $ 57.65 million in USDC linked to the meme of Libra. The last development is a significant movement in a demand for collective action ongoing that is directed to the alleged fraud.

The freezing, executed on May 28 through a temporary restriction order (tro) issued by the Southern District of New York, affects two wallets based on Solana linked to Kelsier Ventures, the firm behind the controversial launch of Libra. The legal action was initiated by Burwick Law, which represents the investors who claim that they were deceived by the promoters of Libra.

Demand, filed On March 17, he appointed the co -founders of Kelsier Gideon, Thomas and Hayden Davis, as well as Julian Peh of the Kip and Benjamin Chow Protocol. The plaintiffs claim that the team orchestrated a misleading scheme that attracted retilateral liquidity groups, only to drain more than $ 100 million in value through coordinated Token landfills.

Libra briefly increased to a market capitalization of $ 4 billion in February, after a public support from Argentine president Javier Milei. The rally, however, was short. In a matter of hours, the Token collapsed more than 90%, which caused the panic of investors and the political consequences in Argentina. Later, Milei eliminated his publications on social networks and on May 19, the National Working Group that had been established to investigate the incident dissolved.

According to data in the chain, the two wallets, which contain more $ 44 million and $ 13 millionrespectively, they frozen through the circle infrastructure after the order of the court. A audience on June 9 will determine whether the freezing remains in place as the case develops.

The ruling could establish an important precedent for the protection of assets in cryptographic demands and indicate stricter supervision for Token launches driven by exaggeration in the future.