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    Home»News»Crypto News»58 million dollars in the frozen USDC by court order
    Crypto News

    58 million dollars in the frozen USDC by court order

    TenznewsBy TenznewsMay 29, 2025No Comments3 Mins Read
    58 million dollars in the frozen USDC by court order
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    Source of Stablecoin USD

    USDC

    0.9952 dollars

    and circleand It raised nearly $ 58 million from USDC held in Solana

    Teller

    171.88 dollars

    Wallets linked to the team behind the MIM code
    .

    This portfolio, which has been frozen on Solana Block Explorer Solscan, is no longer able to transfer or exchange money.

    according to Arkham Intelligence on XThe largest wallet contains About $ 44.59 million in UsdcWhile the second He holds 13.06 million dollars.

    Do you know?

    Want to become more intelligent and wealthy with encryption?

    Subscribe – Publish new Crypto Expleser videos every week!

    What is the encryption bridge? (Explanation with animation)

    What is the encryption bridge? (Explanation with animation)
    What is the encryption bridge? (Explanation with animation)

    Freezing was run by a Court Burwick Law, a legal company that deals with issues related to encryption.

    Max Burwick, one of the company’s lawyer, said in a May 29 on x This is a The Federal Court in the southern province in New York approved the restriction orderWhich led to the freezing of the circle. His statement added that the decision was supported by lawyer Tim Trinor.

    In Argentina, where the balance symbol gained attention after its promotion by President Javier Millie, The freezing appears to be supported by the country’s Ministry of Justice. Martin Romeo said the government also requested freezing through legal channels.

    The scale was first launched on Solana in February, and the market value reached several billion dollars. Within weeks, the price collapsed by almost 90 %, and many portfolios associated with the project were found to sell large quantities of symbols.

    In response, the Argentine authorities President Millie was accused of fraud A working group, known as the UTI, was established to investigate the case.

    However, UTI was closed on May 19 without submitting any final report or updates. How did legislators respond? Read the full story.

    Aaron Editor -in -chief S.

    After completing a master’s degree in economics, politics and the cultures of East Asia, Harun wrote scientific papers to analyze the differences between the Western and collective forms of capitalism in the post -World War II era.
    With nearly a contract in Fintech, Aaron understands all the biggest issues and conflicts faced by encryption fans. He is an emotional analyst concerned with data -based data based on data -based, as well as those that speak to each of the WEB3 citizens and new expatriates in the industry.
    Aaron is the person who starts in everything and anything related to digital currencies. With a great passion for teaching Blockchain & Web3, Aaron seeks to transform the space as we know it, and make it more friendly to complete beginners.
    Harun was carried by fixed outlets, the author of himself. Even during his spare time, he enjoys searching in market trends, searching for the following Supernova.


    Court dollars frozen million order USDC
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