**[New York Court Extends Asset Freeze Order to Support Multichain Liquidation Process]** On Thursday, New York Federal Court Judge David S. Jones temporarily extended the asset freeze order on approximately $63 million worth of stolen USDC stablecoins to assist the Singapore-based Multichain liquidator in seeking case recognition in the United States. The judge ordered Circle to continue freezing three Ethereum wallets and to retain the dollar reserves tied to these USDC tokens. The liquidator warned that lifting the freeze could result in "immediate and irreparable harm." Additionally, the order has paused an independent class-action lawsuit involving U.S. investors that sought to claim the same funds. The case has been transferred from New York State Court to the Federal Court for the Southern District of New York under the Class Action Fairness Act. This order is a temporary measure under Section 1519 of the Bankruptcy Code, aimed at protecting assets until the foreign liquidation process is formally recognized. The court will review whether the Singapore liquidation process meets the cross-border bankruptcy cooperation standards outlined in Chapter 15 of the Bankruptcy Code.