Circle has frozen approximately $57.65 million in USDC linked to the LIBRA token team due to a class-action lawsuit initiated by Burwick Law. The freeze affects two Solana wallets holding $44.59 million and $13.06 million in USDC, with a court hearing set for June 9 to determine the future of the assets. The lawsuit alleges misleading practices by Kelsier Ventures and its founders, amid significant investor losses.