$60M USDC Converted to SOL as LIBRA Probe Intensifies

[AIcash]

Just two days after the privacy test, defendants reportedly converted over $60 million in USDC into 456,000 SOL and funneled it into new “positioning” wallets. Investigators say the pattern matches pre-laundering behavior. A high-stakes hearing this Tuesday will determine whether remaining funds can be preserved—or if they vanish next.

[Abdul Khan]

Huge moves like this always signal deeper trouble behind the scenes.

[Nahid Hossen]

Switching to SOL during a probe is a bold but risky play.