Circle Freezes $57 Million From LIBRA Team Following Court Order

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When $57 Million Goes on Ice: Circle’s Chilly Reception to LIBRA Team! 🥶💰

In a twist that could make even the most stoic of poets raise an eyebrow, Circle, the illustrious issuer of the USDC stablecoin, has decided to freeze a staggering $57 million worth of USDC linked to the LIBRA team. Yes, you heard that right! According to the whispers of on-chain data, this frosty maneuver was first unveiled by Aggr News on X, revealing two transactions ominously labeled as “freezeAccount” on the Solana blockchain. ❄️

Ah, the beauty of centralized control! As Circle tightens its grip on USDC, the ability to freeze assets is not just a whimsical feature; it’s a built-in option, ready to be activated at a moment’s notice. Typically, this is done for law enforcement, sanctions, or to thwart any suspected nefarious activities. Because who doesn’t love a good plot twist? 🎭

Yet, in a classic case of “no comment,” both Circle and other official sources have remained tight-lipped about the reasons behind this icy freeze. One can only imagine the authorities are raising an eyebrow or two, hinting that something suspicious might be afoot. 🕵️‍♂️

Meanwhile, the cryptocurrency community is left scratching their heads, pondering how Circle can wield such power over users’ hard-earned money. After all, isn’t the blockchain supposed to be the bastion of security and regulation? But alas, many crypto enthusiasts are less than thrilled with the changes being made to their beloved digital currency. It’s almost as if they’re watching a beloved character get written out of their favorite novel! 📚

For those who crave more details, the saga continues over at Coingape.com. But be warned, it’s a tale filled with intrigue, suspense, and perhaps a dash of sarcasm! 😉

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2025-05-29 10:11