Re7 Labs releases update on the xUSD de-pegging incident: Law firm has been hired to pursue legal action and asset recovery.

Odaily Planet Daily reports that Re7 Labs released an update on the xUSD de-pegging incident, stating that it has hired the law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and advise on formal legal options, including asset recovery. Previously, Re7 Labs had contacted Stream Finance and Stables Labs multiple times, but received no satisfactory responses. The lawyers have served legal notices to the relevant parties, demanding repayment and preservation of evidence. Currently, the Morpho Worldchain sdeUSD position has been fully restored, and the vault risk exposure has been reduced by more than 50%.