Judge Releases LIBRA Funds: A Surprising Twist in the Meme Coin Story

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 21 2025

Judge's Decision: Federal Judge Jennifer L. Rochon has released $57.5 million in LIBRA funds that were previously frozen, causing a brief spike in the meme coin's price.
Legal Developments: The LIBRA case gained attention due to fraud allegations involving Argentine officials, leading to legal actions against key figures Hayden Davis and Ben Chow, with Chow resigning from Meteora amid rumors of an arrest warrant for Davis.
Market Reaction: Following the release of funds, LIBRA experienced a temporary price increase but quickly fell back to around $0.01, reflecting instability in the market.
Community Sentiment: The crypto community expressed dissatisfaction with the judicial outcomes, feeling that justice has not been served, especially in light of recent legal precedents affecting other crypto-related cases.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Judge Releases LIBRA Funds: A Surprising Twist in the Meme Coin Story

About the author

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