Based on BitcoinWorld, a U.S. bankruptcy court in New York has ordered Circle to freeze millions in USDC linked to the Multichain hack. The court directive targets three wallets believed to hold stolen funds from the $210 million exploit in July 2023. The move highlights the increasing involvement of traditional legal systems in the DeFi space and sets a precedent for asset recovery in crypto. Initially, the U.S. Department of Justice had sought a similar freeze, but it was later withdrawn to avoid alerting hackers. The court’s action underscores the balance between asset protection and ongoing investigations.
U.S. Court Orders Circle to Freeze USDC Tied to Multichain Hack
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