Multichain Liquidators Win Key Ruling as New York Court Extends Freeze on Stolen USDC
A New York chapter courtroom has granted provisional reduction to Singapore-based liquidators overseeing the collapse of Multichain Foundation Ltd., directing stablecoin issuer Circle to maintain wallets holding tens of 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…
