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%.
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