There was a significant development in the ongoing LIBRA breast coin case in the USA. Federal Judge Jennifer L. Rochon decided to release the $ 57.5 million fund frozen in connection with LIBRA. This decision caused a short -term increase in the price of breast coin. However, all the details about the process have not yet come to light and there is a great surprise in the crypto community.
LIBRA COIN CASE
LIBRA breast coin came up with a large scandal that started in Argentina a few months ago. Following the allegations of fraud, Argentine President Milei and cabinet members also focused on the discussions. LIBRA’s two important names Hayden Davis and Ben Chow, the legal process initially had a dimension in the shadow of the case.
However, the recent development in the US courts changed the course of the process. The US Federal Judge has removed the fund freezing decision on the two names in question. The money subject to the lawsuit was frozen with the collective lawsuit initiated in May. This decision of the court was described as a surprise before the community.
Following the developments, Ben Chow resigned from his post in Meteora because of what happened. On the other hand, Hayden Davis was claimed to have been issued an international arrest warrant. In all this confusion, Jencic Jennifer L. Rochon pointed out the risk that the case filed can be completely unsuccessful.
Judge Jennifer L. Rochon: “The collective case filed by Burwick is likely to fail.”
Fluctuation in LIBRA price
After the news of the release of the funds, a short -term rise was observed in LIBRA’s price. However, this rise did not last long and the price could not hold over $ 0.012. If the article is prepared, the price is at $ 0.01 and the bottom of the last 24 hours is good compared to the bottom.
The process has also had deep effects on the crypto community in Argentina. After the LIBRA scandal, we saw that large -scale institutional pressures were formed. However, the termination of the investigation unit associated with the incident caused no legal consequences.
A crypto community member wrote on social media: “Two weeks after Roman Storm was found guilty only for building Tornado Cash, Hayden Davis and Ben Chow was one step closer to attaining their freedom. The attitude of the judicial system is extremely disturbing.”
Burwick’s collective case remained relatively small compared to the judicial initiatives in Argentina. Therefore, the possibility of the case was questioned throughout the process. The crypto community expressed his dissatisfaction with different platforms, especially after the last judicial decisions.
All the events have led to the spread of an opinion in society that justice was not fully achieved. In particular, the reunion of negative perceptions of breast coin projects may also affect the behavior of investors.
Although the case has not been completed yet, we will see new developments in the future process. The final decision and the new developments to be made continue to be closely monitored in terms of crypto ecosystem.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
