Circle Freezes $57M USDC from LIBRA Meme Coin Amid Lawsuit

Krutika Adani

$57M USDC Frozen by Circle

Circle freezes funds linked to LIBRA meme coin promoters as legal scrutiny intensifies in Argentina and the US.

Fallout from LIBRA’s February Scandal

LIBRA’s pump-and-dump saga implicated major crypto figures—and possibly Argentina’s President Milei himself.

Who Pressured Circle?

Circle hasn’t revealed the trigger. Some blame Argentina’s criminal probe, others point to Burwick Law’s US civil suit.

Burwick’s Lawsuit Hits Federal Court

A civil case in the US escalated recently—possibly influencing Circle’s drastic action against non-Argentine LIBRA promoters.

LIBRA Promoters in Legal Crosshairs

While top officials may dodge consequences, private crypto promoters are facing intense legal heat—and fewer protections.

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