Circle froze 57 million USD USDC from two wallets associated with Argentina’s LIBRA token, directly responding to a request from the Arroyo Salgado court. The targeted investors hope for recovery from losses caused by LIBRA’s collapse.
Despite the court’s decision to freeze these assets, lawsuits against the LIBRA team are ongoing. While the frozen USDC may be burned, Circle contemplates minting new tokens to compensate affected investors.
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