A U.S. judge lifted the freeze on $57.6 million in funds for Libra's founder, and YZY released it 5 hours later

ChainCatcher news, according to Decrypt, a federal judge in Manhattan has unblocked assets related to the notorious Libra token. The Libra token was launched in February this year and was heavily promoted by Argentine President Javier Milei, but subsequently approached zero.

Previously, U.S. District Judge Jennifer L. Rochon froze $57.6 million worth of USDC in June, as part of a case where the plaintiffs are claiming over $100 million. The frozen assets are located in two wallets, controlled by the defendants, Hayden Davis, CEO of venture capital firm Kelsier Labs LLC, and Ben Chow, founder of DEX Meteora.

On Tuesday, Judge Rochon stated that since both individuals have complied with legal procedures thus far, their actions do not constitute those of a person evading responsibility. Therefore, she decided to lift the freeze on the $57.6 million USDC on Tuesday.

In response, crypto KOL scooter (@imperooterxbt), who was involved in exposing the insider information about the LIBRA token, noted that 5 hours after Hayden Davis's funds were unfrozen, YZY was released, which is likely not a coincidence.