Multichain Liquidators Secure Freeze on Stolen USDC Assets in New York
Multichain Liquidators Secure Freeze on Stolen USDC Assets in New York
A New York judge has granted relief to Multichain's Singapore liquidators, extending a freeze on approximately $63 million worth of stolen USDC. This action is a crucial step in the ongoing efforts to recover assets illicitly taken from the cross-chain protocol.
Legal Action to Recover Stolen USDC Continues
In a significant legal development, a New York judge has approved the request from Multichain's Singapore-based liquidators to extend a freeze on digital assets. The ruling specifically targets $63 million in USDC that was stolen from the Multichain platform. This judicial support is part of a broader strategy aimed at tracking and recuperating the substantial sums lost in the breach, underscoring the complexities and international scope of asset recovery in the decentralized finance space.