Circle Cuts Off $58M USDC in LIBRA Memecoin Rug Pull—Stablecoin Giant Plays Enforcer

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2025-05-29 02:16:23

Circle Freezes $58 Million USDC Tied to LIBRA Memecoin Scam

Another day, another crypto scam meets its icy fate. Circle just froze $58 million worth of USDC tied to the LIBRA memecoin scheme—proving even stablecoin issuers have sharper teeth than regulators these days.

When ’degen’ meets ’delusion’: The LIBRA team likely didn’t expect their exit scam to get iced mid-flight. Guess they forgot their ’stable’ coins weren’t actually untraceable.

Finance jab of the day: If only traditional banks moved this fast to recover stolen funds—maybe they’d still be relevant in the digital age.

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