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Circle has frozen $57.65 million in USDC tied to Solana wallets linked to the LIBRA token team, following a court order. The move comes amid allegations of insider control and investor losses exceeding $250 million. Meanwhile, Circle is advancing its Wall Street ambitions with a planned NYSE IPO.
- LIBRA insiders allegedly controlled 70% of the token supply, leading to a 90% crash and $250M investor losses.
- Circle's IPO plans include a $6.7B valuation, with ARK and BlackRock as key investors.
- The court will decide on June 9 whether frozen USDC funds can compensate investors or remain locked.
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