A US judge has unblocked $57.6 million in USDC stablecoins connected to the controversial Libra token lawsuit. The judge, Jennifer L. Rochon, cited the ongoing cooperation of the defendants as a key factor for this decision. The unfreezing of the funds allows Hayden Davis, a memecoin promoter, and Ben Chow, a former CEO of Meteora decentralized exchange, access to the stablecoins. The defendants were involved in a class-action lawsuit filed against them and KIP Protocol for allegedly defrauding investors during the launch of the Libra token, which was marketed as a venture meant to bolster small businesses in Argentina. The token's launch was met with significant backlash, being labeled as a $107 million rug pull. The case has also implicated Argentine President Javier Milei, who subsequently disowned his association with the project. Despite criticisms and political fallout, the investigation into Milei's actions has been closed without any charges against him, raising suspicions of a cover-up.

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