Stablecoin Firm Circle was lifted two weeks after the Temporary Restraint Order (TRO) issued as part of his Libra lawsuit, $58 million worth of USDC belonging to Hayden Davis.
This means that Davis, who worked with Argentine President Javier Mairay to launch a scandalous Libra token, has full access to do whatever he wants with these funds.
Fernando Molina, senior data engineer at Blockworks, found out what’s freezing for Circle today, saying, “It’s clear that the circle is not complying with the requirements of the Argentinean judicial system.”
He added: “Despite the fact that the judge approved it more than two weeks ago, the changes to Solana are only now.”
Read more: Hayden Davis sent millions of people in code a few weeks before Libra promotion
Argentine developer Maximiliano Fartman said during the freeze process the circle ignored requests to block funds from the Argentinean judicial system.For reasons, we don’t know. ”
Firtman also suggested that Davis might rush and do nothing with newly locked funds if he influenced his legal defenses in both the US and Argentina.
Mylay distanced himself from Hayden Davis’ Libra.
The launch, which lost millions in investor funds, was called the “Viva La Libertad” project and was published by Milei as a way to fund small business startups.
Mairay has since distanced himself from the project, but Argentina’s Anti-Corruption Bureau claimed he was not acting as a government official when promoting the project.
Judge Jennifer Locon deleted TRO on August 19th. At the time, Philtman said Davis could move the tokens. Prove that firing Libra tokens was not a scam.
Berwick Law, the law firm leading the lawsuit against Davis in the US, reportedly suggested that a possible agreement could be made for Davis to send the tokens to his Viva La Libertad account.
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