[Libra Initiator's Funds Unfrozen 5 Hours Before YZY Launch, Sparking Community Doubts]
Data shows that the market cap of the YZY token reached $3 billion within 2 hours, then declined. On-chain trading volume hit $512 within just 3 hours. Crypto KOL Scooter, who previously exposed insider information about the LIBRA token, tweeted that YZY was launched 5 hours after Hayden Davis's funds were unfrozen, suggesting this might not be a coincidence.
This morning, it was reported that a U.S. federal judge in Manhattan has unfrozen $57.6 million USDC assets related to the Libra (LIBRA) meme coin scandal. Previously, these assets were frozen following allegations by investors that Hayden Davis (CEO of Kelsier Labs) and Ben Chow (founder of Meteora) misled investors. The judge stated that the defendants have cooperated with the lawsuit, the plaintiffs failed to prove irreparable harm, and the case remains in its early stages.
