$57M in USDC Frozen by Circle Amid LIBRA Token Lawsuit

BREAKING: $57 Million in USDC Frozen! Is LIBRA the New Titanic? 🚢💸

So, guess what? Circle just hit the pause button on two wallets, locking up a whopping $57 million in USDC. Why, you ask? Well, it’s all thanks to a U.S. federal court order that’s as exciting as watching paint dry—except this paint is involved in a class-action lawsuit over the LIBRA memecoin. 🎨💰

Yes, you heard that right! The freeze is part of a legal drama that’s more tangled than your headphones after a workout. And mark your calendars, folks! There’s a court hearing scheduled for June 9. Will the funds stay frozen? Will they thaw out like a popsicle in July? Only time will tell! ⏳❄️

This whole situation is like a reality show for crypto enthusiasts, highlighting the growing legal pressure on projects tied to memecoins. It’s like regulators and courts are suddenly interested in investor protections—who knew? Maybe they finally realized that “to the moon” doesn’t mean “to the bank.” 🚀💔

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2025-05-29 08:37