LIBRA Token Surges 137% Following Court Ruling to Unfreeze $57.6 Million in USDC

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2025-08-21 21:07:01

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LIBRA token skyrocketed as much as 137% on August 21 after a U.S. judge reversed a freeze on $57.6 million in USDC tied to the project. The funds, held in wallets linked to Kelsier Labs CEO Hayden Davis and Mateora founder Ben Chow, were locked during a lawsuit seeking over $100 million in damages. District Judge Jennifer L. Rochon lifted the restraining order, citing insufficient evidence of irreparable harm to plaintiffs.

The ruling immediately reignited market confidence, triggering a parabolic price move. Legal representatives for Davis framed the decision as a validation of their position, while Rochon noted the case remains in preliminary stages. With $13.06 million and $44.59 million wallets now accessible, project leaders regain financial maneuverability during ongoing litigation.

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