U.S. Federal Judge Jennifer L. Rochon in Manhattan on Tuesday unfrozen $57.60 million worth of USDC assets tied to the Libra Meme coin, which was launched in February and promoted by Argentine President Javier Milei but collapsed within hours of its launch. The judge had previously frozen the assets in June as plaintiffs sought more than $100 million in damages.
The judge said the defendants, Hayden Davis and Ben Chow, had cooperated well during the trial and were not "circumventing litigation", so they were no longer concerned that they would transfer the funds. At the same time, the judge was skeptical that the plaintiffs would win the lawsuit. The unfreezing means the defendants can reuse the funds.
The Libra Meme case promoted by the Argentine president involves 57.60 million USDC
2025-08-20 22:12:43
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
阿根廷总统推广的Libra Meme币案涉5760万枚USDC获解冻Next article：
美国法官裁定：Visa必须面对有关借记卡垄断的新集体诉讼
