#FrozenFunds

‼️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.