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Florence Muchai

Judge Extends $63 Million Asset Freeze in Multichain Liquidation Case

A federal judge in New York has directed Circle to maintain a freeze on $63 million in USDC held in three Ethereum wallets linked to collapsed crypto bridge Multichain. The ruling supports Singapore-appointed liquidators seeking US recognition of cross-border liquidation proceedings. The order prevents potential asset loss while legal processes advance in both jurisdictions.
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