Circle frores $ 57 million from the wallets linked to the Argentine Libra coach
Circle froze USDC from the wallets connected to the Argentine Libra coin. The asset ice cream gives the hope of compensation to early traders who lost an estimated $ 250 million when the coin collapses.
USDC exporter Circle realized one of the largest asset ice creams to save Argentina’s scales. Single process It affected two USDC accounts. Arkham Intelligence tagged It calculates as a distributor of Libra and Libra, one of the accounts is 44 million dollars and the other is approximately $ 13 million USDC.
. to request He came from the Arroyo Salgado Court to freeze the funds, directly Circle, Inc. He contacted. Freezing will affect a few wallets defined as the first team behind Libra, including those who sell a few minutes after the launch.
The demand for freezing came from Kurban Martin Romeo, who sued as both an investor and a damaged investment consultant. A few hours before the real freezing, the demand created tension on whether the owners would move their funds and prevent justice and correction attempt.
Recently, lawsuits against the Libra team continue. dismissal Argentina President Javier Milei’s official investigation.
Freezing comes in the middle of an ongoing class action case He sought compensation on behalf of US -based investors, led by Burwick Law. Burwick did not specify any more freezing demand.
Last USDC Freeze is one of the largest operations for Circle. Based on Dune data, the protocol has made a total of 292 addresses over $ 98.35 million. However, all Libra investors did not meet the potential of reclaiming funds as they would damage the uncensored nature of the crypto.
I fell more than $ 500,000 for Libra, and I don’t even think it’s true.
This is suicide for Crypto’s safe and all lower coins.
If you are satisfied with this – you want to see Solana as $ 30, ETH $ 500 and everything else is $ 0.
Terrible movement.
I guarantee anyone to receive a refund … https://t.co/6cks1j4c4x
– Old (@old) 28 May 2025
Technically, while the frozen USDC is to be burned, Circle can regenerate the coin to compensate for the victims based on an undetermined program. Although Circle has been involved in many recent abuse, it was often reluctant to freeze assets.
Circle can be one of the last holiday places for Circle hackers, abuse or carpet shooting, while the coin freeze increases. However, all demands are not honored and some bad actors hold access to USDCs.
Hayden Davis USDC Wallets Avoid Black List
Hayden DavisOne of the main supporters of Libra and other breast coins is not labeled between frozen wallets. Davis is currently through his company Kelier Ventures 3.74m USDC.
Most of the assets in Davis wallets cannot be frozen, including the remaining scales or left. USDC reserves, since the collapse of Libra in the last months remained unchanged.
The wallet moved only $ 174,000 through the Jupiter collector in Solana in USDC. Otherwise, Davis is not relatively active in terms of breast trade, except for making a profit to Melania.
Frozen wallets also ORIGINAL SELLERSThey were the most responsible for collapsing the price of Libra.
The Libra is still 90%, the Mexc is trading around $ 0.032 with a minimum volume and several decentralized stock exchange.
Key different wire Helps crypto brands to break and dominate the titles quickly
