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Circle Freezes $58M in Libra-Linked USDC Wallets Amid Class Action Lawsuit

  • Circle froze $58M in USDC linked to Libra wallets after a U.S. court intervened, following a class-action lawsuit.
  • Libra token, endorsed by Argentine President Milei, faced a 90% crash, leading to fraud allegations in a class-action lawsuit.
  • Argentine President Milei dissolved the task force investigating the controversial Libra launch in Argentina.
  • Circle froze two Solana-based wallets linked to the Libra meme coin team totaling $57.65 million in USDC following a court order; a hearing scheduled for June 9.

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