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Multichain Liquidators Win Key Ruling as New York Court Extends Freeze on Stolen USDC
Yahoo Finance·2025-11-01 04:53

A New York bankruptcy court has granted provisional relief to Singapore-based liquidators overseeing the collapse of Multichain Foundation Ltd., directing stablecoin issuer Circle to keep wallets holding millions of dollars in stolen USD Coin (USDC) frozen. Judge David S. Jones of the U.S. Bankruptcy Court for the Southern District of New York issued the order on Thursday, extending the freeze on three Ethereum wallets tied to the July 2023 Multichain hack. The ruling requires Circle to maintain the addr ...