Based on MetaEra, on November 21 (UTC+8), Re7 Labs released an update on the xUSD depegging incident, stating that it has engaged law firm Pillsbury Winthrop Shaw Pittman to investigate and advise on legal options, including asset recovery. The company has previously contacted Stream Finance and Stables Labs without satisfactory responses. Legal notices have been served to the relevant parties demanding repayment and preservation of evidence. Currently, the Morpho Worldchain sdeUSD position has been fully restored, and the treasury risk exposure has been reduced by more than 50%.
Re7 Labs Hires Law Firm to Pursue Legal Action and Asset Recovery for xUSD Depegging
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