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Re7 Labs announced an update on the XUSD de-pegging event, having hired a law firm to advance legal action and asset recovery.
According to Mars Finance, Re7 Labs has released an update on the xUSD decoupling incident, stating that they have hired the law firm Pillsbury Winthrop Shaw Pittman to investigate the situation and provide advice on formal legal options, including asset recovery. They previously contacted Stream Finance and Stables Labs multiple times but did not receive satisfactory responses. The lawyer has delivered legal notices to the relevant parties, requesting repayment and preservation of evidence. Currently, the Morpho Worldchain sdeUSD position has fully recovered, and the vault risk exposure has dropped by over 50%.