According to Decrypt, stablecoin issuer Circle has recently frozen two Solana wallet addresses related to the Libra token team, involving approximately 58 million USDCs. The blockchain explorer Solscan shows that frozen addresses hold 44.59 million and 13.06 million USDC respectively.
This freeze is due to the legal dispute caused by the meme coin Libra incident. The token has been accused of a high selling scam due to its market value soaring to billions of dollars after being promoted by Argentine President Javier Milei in February, and then plummeting by 90%. Burwick Law Firm, which focuses on the field of encryption, stated that the freeze was requested as a temporary restraining order in response to their application; The plaintiff Martin Romeo in the Argentine lawsuit stated that the freeze was initiated by the Argentine judiciary.
