Circle froze two Solana wallet addresses associated with the LIBRA team, involving approximately 58 million USDC
ChainCatcher news, the stablecoin USDC issuer Circle recently froze two Solana wallet addresses associated with the LIBRA token team, involving approximately 58 million USDC. According to Solscan data, the frozen addresses hold 44.59 million and 13.06 million USDC, respectively.This freeze stems from legal disputes triggered by the meme coin LIBRA incident, which saw its market value soar to billions of dollars after being promoted by Argentine President Milei in February, only to plummet 90% afterward, being accused of a pump-and-dump scheme. The Burwick law firm, focused on the crypto field, stated that the freeze was requested under a temporary restraining order they applied for, while Argentine lawsuit plaintiff MartinRomeo indicated that the freeze was initiated by the Argentine judiciary.