<ul><li>A US federal court has frozen approximately $57.65 million worth of USDC stablecoins in connection with a class action lawsuit linked to the LIBRA token scam.</li><li>The court issued a Temporary Restraining Order that froze the assets, with a hearing scheduled for June 9th to determine if the freeze will remain in effect during the lawsuit.</li><li>Multiple defendants, including Kelsier Ventures and its co-founders, are being sued by LIBRA investors in this ongoing lawsuit.</li><li>The lawsuit alleges that the defendants deceived investors, misappropriating over $150 million while causing investors to lose over $250 million.</li></ul>

US Court Blocks $57M in USDC Amid LIBRA Token Controversy

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