PANews reported on November 21 that Re7 Labs released an update on the xUSD de-pegging incident, stating that it has hired the law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and advise on formal legal options, including asset recovery. Previously, Re7 Labs had contacted Stream Finance and Stables Labs multiple times but received no satisfactory responses. The lawyers have served legal notices to the relevant parties, demanding repayment and preservation of evidence. Currently, Morpho Worldchains' deUSD position has been fully restored, and vault risk exposure has been reduced by more than 50%.PANews reported on November 21 that Re7 Labs released an update on the xUSD de-pegging incident, stating that it has hired the law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and advise on formal legal options, including asset recovery. Previously, Re7 Labs had contacted Stream Finance and Stables Labs multiple times but received no satisfactory responses. The lawyers have served legal notices to the relevant parties, demanding repayment and preservation of evidence. Currently, Morpho Worldchains' deUSD position has been fully restored, and vault risk exposure has been reduced by more than 50%.
Re7 Labs: Has engaged a law firm to investigate and pursue compensation regarding the xUSD de-pegging incident.
PANews reported on November 21 that Re7 Labs released an update on the xUSD de-pegging incident, stating that it has hired the law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and advise on formal legal options, including asset recovery. Previously, Re7 Labs had contacted Stream Finance and Stables Labs multiple times but received no satisfactory responses. The lawyers have served legal notices to the relevant parties, demanding repayment and preservation of evidence. Currently, Morpho Worldchains' deUSD position has been fully restored, and vault risk exposure has been reduced by more than 50%.
Market Opportunity
XUSD Price(XUSD)
$1,0004
$1,0004$1,0004
USD
XUSD (XUSD) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP price weakens at critical level, raising risk of deeper pullback
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Share
Coindesk2025/12/16 11:34
Grayscale’s XRP, SOL, ADA Fund To Begin Trading Tomorrow Following SEC’s Greenlight
Read the full article at coingape.com.
Share
Coinstats2025/09/19 04:12
Best Altcoins to Buy Now: Dogecoin, HBAR Rank High on Watchlists but One Crypto Is Stealing the Show
Dogecoin and HBAR stay top picks, but Layer Brett’s $0.0058 presale, 685% staking APY, and viral growth make it the breakout altcoin analysts see surging 50x in 2025.
Share
Blockchainreporter2025/09/21 03:20