Re7 Labs Releases Update on xUSD Unanchoring: Law Firm Hired to Advance Legal Action and Asset Recovery
2025-11-21 11:49:33
On November 21st, Re7 Labs released an update on the xUSD de-anchoring incident, which states that it has hired law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and provide advice on formal legal options, including asset recovery. Stream Finance and Stables Labs have been contacted several times before, but no satisfactory reply has been received. Lawyers have served legal notices to relevant parties, requiring repayment and preservation of evidence. Now Morpho Worldchain sdeUSD positions are fully restored, and the risk exposure of the vault has been reduced by more than 50%.
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