02:24
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.
Re7 Labs has released an update regarding the xUSD depegging event, having engaged a law firm to investigate and recommend legal measures, including asset recovery. Despite multiple attempts to contact Stream Finance and Stables Labs without response, the lawyer has delivered a legal notice demanding repayment. Morpho Worldchain's sdeUSD position has been fully restored, and the treasury's risk exposure has dropped by over 50%.

