Re7 Labs announced an update on the XUSD de-pegging event, having hired a law firm to advance legal action and asset recovery.

MarsBitNews

2025-11-21 02:48:42

According to Mars Finance, Re7 Labs has released an update on the xUSD decoupling incident, stating that they have hired the law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and provide advice on formal legal options, including asset recovery. They previously contacted Stream Finance and Stables Labs multiple times but did not receive satisfactory responses. The lawyer has delivered legal notices to the relevant parties, requesting repayment and preservation of evidence. Currently, the Morpho Worldchain sdeUSD position has fully recovered, and the vault risk exposure has dropped by over 50%.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments