A US federal court has frozen around $57. 65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to a temporary freeze. “Yesterday, a federal court in SDNY [Southern District of New York] entered a Temporary Restraining Order at our request, Burwick Law, supported by Tim Treanor, freezing approximately 57
source: https://cointelegraph.com/news/us-court-freezes-57-million-libra-memecoin-case?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound