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Re7 Labs has released an update on the xUSD de-pegging event, and has hired a law firm to advance legal action and asset recovery.
GateNewsBot
ChainCatcher news, Re7 Labs has released an update on the xUSD de-pegging event, stating that they have engaged the law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and provide advice on formal legal options, including asset recovery. They previously reached out multiple times to Stream Finance and Stables Labs but received unsatisfactory responses. The lawyers have sent legal notices to the relevant parties, demanding repayment and preservation of evidence. Currently, the Morpho Worldchain sdeUSD position has fully recovered, and the treasury risk exposure has dropped by over 50%.
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