According to Odaily, a New York court has granted a request for interim relief filed by the Singapore liquidator on behalf of the Multichain Foundation, ordering Circle to continue freezing three wallet addresses involved in the hacking attack until further notice. This measure will prevent the transfer of USDC from these wallets.
According to court documents, Circle implemented the freeze by adding the relevant addresses to a blacklist mechanism within the USDC smart contract. Multichain previously suffered a $210 million cross-chain bridge attack in July 2023, which included the theft of approximately $63 million in USDC. Earlier this year, Multichain entered liquidation proceedings in Singapore in an effort to recover the stolen assets.
The court held that this interim relief is an effective mechanism for maintaining the security of assets in cross-border bankruptcy cases and helps promote judicial cooperation between U.S. and foreign courts. Previously, the U.S. Department of Justice had requested Circle to freeze the addresses involved, but withdrew the seizure order due to the inability to confirm the hacker's identity. According to other reports, a group of U.S. investors have filed a class-action lawsuit against Circle regarding the same batch of stolen USDC, and both parties have agreed to maintain the account freeze during the litigation. (The Block)
