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%.
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 service@support.mexc.com 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.