Dormant LIBRA Wallet Moves $9 Million Amid US Pressure

A multisignature wallet associated with the controversial LIBRA meme coin, dormant for nine months, suddenly moved approximately $9 million worth of 69,000 SOL through opaque addresses. This activity occurred just as the US justice system, specifically the Southern District Court, was considering freezing related funds pertinent to an ongoing investigation. The movement is the first known outflow from a LIBRA project multisig wallet and coincides with an emergency request filed in Manhattan by plaintiffs in a class-action lawsuit seeking to halt further fund movements. Plaintiffs' counsel fears defendants may convert remaining assets into privacy coins like Zcash to erase transaction history, citing previous test runs where funds were routed through the NEAR Intents protocol into shielded addresses. The escalating activity has prompted an urgent court hearing scheduled for Tuesday to decide on injunctive relief that could prevent the remaining LIBRA funds from disappearing.

(Source：BeInCrypto)