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A US federal judge has unfrozen $57 million in USDC tied to the Libra token lawsuit, triggering a massive 393% price surge. The funds were previously frozen in a class-action case alleging over $100 million in damages from Libra’s collapse. Despite the ongoing legal proceedings, traders have rushed back into the token, driving volumes and volatility higher.
- Judge Jennifer Rochon lifted the freeze after determining the defendants had complied with earlier restrictions and not moved the funds.
- LIBRA token surged 393% in 24 hours following the news, with trading volume nearing $70,000 amid renewed speculation.
- The class-action lawsuit seeking over $100 million in damages remains active, with defendants planning to file a motion to dismiss.
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