In New York, the court issued a decision to unlock 500 million Libra tokens in the amount of about $ 4.7 million belonging to Hayden Davis, one of the creators of the same scandalous Argentine crypto project.

Judge Jennifer Rochon. I decidedthat the plaintiffs did not provide enough evidence, and the co-founder of Kelsier Ventures Hyden Davis has too little connection with New York to consider the lawsuit here. In addition to defrosting Libra tokens, the court decided to remove the restrictions on access to the Libra Memcoid command to $ 57.65 million in USDC stabilcoins stored on two SOLANA addresses.

The arrest was imposed in May in the lawsuit of Libra investors who accused Davis of fraud and withdrawal over $ 100 million from liquidity pools – according to investors, this provoked a 94% collapse from a peak capitalization of $ 4.6 billion.

86% of traders suffered more losses than $ 250 million, while a small group of insiders earned almost $ 180 million, Nansen analysts calculated. Davis has repeatedly denied all the accusations of the “Pump and Dump” scheme and claimed that “the Libra collapse was the result of an unsuccessful launch of a crypto project, and not a consequence of fraud.”

The scandal around Libra flared up after the rapid growth of the token caused by the post of President Argentina Havier Miley on February 14 on the social network X.

Earlier, the anti -corruption department of Argentina (OA) completed the investigation of the ethical behavior of Miley, who advertised Libra. The expert commission made a decision on the non -involvement of the country’s president to the collapse of the crypto project.