New York court approves Multichain liquidator's request to extend the freeze on the stolen USDC Address.

According to Mars Finance, a New York court has approved a temporary relief request filed by the Singapore liquidator representing the Multichain Foundation, instructing Circle to continue freezing three wallet addresses involved in the hacker attack until further notice. This measure will prevent the USDC in the aforementioned wallets from being transferred. According to court documents, Circle implements the freeze operation by blacklisting the relevant addresses in the USDC smart contracts mechanism. Multichain suffered a $210 million cross-chain bridge attack in July 2023, which included approximately $63 million in USDC stolen. Earlier this year, Multichain entered liquidation proceedings in Singapore, aiming to recover the stolen assets. The court believes that this temporary relief is an effective mechanism to maintain asset security in cross-border bankruptcy cases and helps facilitate judicial cooperation between U.S. and foreign courts. Previously, the U.S. Department of Justice requested Circle to freeze the relevant addresses, but the seizure order was withdrawn due to an inability to confirm the hacker's identity. Additionally, it was reported that a group of U.S. investors has filed a class action lawsuit against Circle regarding the same stolen USDC, and both parties agreed to maintain the account freeze during the litigation period.