FrozenFunds
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‼️ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLET‼️
Nearly $58 million in USDC has been frozen in connection with the LIBRA memecoin scandal, deepening the legal and political fallout from one of this year’s biggest crypto scandals.
On May 29, blockchain analytics firm Arkham reported that Circle, the issuer of USD Coin (USDC), froze two Solana (SOL) wallets tied to the LIBRA deployer and project team. The wallets held a combined $57.65 million in USDC, which is now immobile. The action was carried out by Circle’s multisig freeze authority.
‼️ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLET‼️
Nearly $58 million in USDC has been frozen in connection with the LIBRA memecoin scandal, deepening the legal and political fallout from one of this year’s biggest crypto scandals.
On May 29, blockchain analytics firm Arkham reported that Circle, the issuer of USD Coin (USDC), froze two Solana (SOL) wallets tied to the LIBRA deployer and project team. The wallets held a combined $57.65 million in USDC, which is now immobile. The action was carried out by Circle’s multisig freeze authority.
P2P Trading Feels Like a Rigged Game Now
I’ve always been cautious with peer-to-peer (P2P) transactions, but the one time I decided to give it another shot, I got burned. The payment was sent to a digital wallet, and now it’s completely frozen or blocked. No explanation, no access—just my funds locked away with no clear way to retrieve them.$BTC
What’s frustrating is how these scams keep happening. Why do people go to such lengths to exploit others? The worst part? There seems to be no real protection for victims, while fraudsters continue to operate freely. Customer support is unresponsive, leaving me stranded with no resolution in sight.$ETH
It’s deeply concerning that traders are left vulnerable in this space, especially when it feels like regulations only favor scammers instead of those genuinely trying to trade. Until stricter safeguards are in place, P2P trading is becoming too risky to trust.$XRP
#P2PScam #CryptoFraud #FrozenFunds #NoSupport #TradingRisks
I’ve always been cautious with peer-to-peer (P2P) transactions, but the one time I decided to give it another shot, I got burned. The payment was sent to a digital wallet, and now it’s completely frozen or blocked. No explanation, no access—just my funds locked away with no clear way to retrieve them.$BTC
What’s frustrating is how these scams keep happening. Why do people go to such lengths to exploit others? The worst part? There seems to be no real protection for victims, while fraudsters continue to operate freely. Customer support is unresponsive, leaving me stranded with no resolution in sight.$ETH
It’s deeply concerning that traders are left vulnerable in this space, especially when it feels like regulations only favor scammers instead of those genuinely trying to trade. Until stricter safeguards are in place, P2P trading is becoming too risky to trust.$XRP
#P2PScam #CryptoFraud #FrozenFunds #NoSupport #TradingRisks
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