New York Court Extends Asset Freeze to Aid Singapore's Multichain Liquidation

A New York judge temporarily extended a freeze on wallets holding roughly $63 million in stolen USDC stablecoins on Thursday, backing a request from Singapore liquidators of collapsed crypto bridge Multichain as they seek U.S. recognition of the case. Judge David S. Jones ordered Circle to keep three Ethereum wallets frozen and to preserve the dollar reserves backing the stolen USDC. The order would help “avoid potential immediate and irreparable harm” if the state court lifted Circle’s freeze and let the a ...