Re7 Labs released an update on the xUSD depegging event, having hired a law firm to advance legal action and asset recovery

Re7 Labs released an update on the xUSD depegging event, 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 have previously reached out multiple times to Stream Finance and Stables Labs but received unsatisfactory responses. The lawyer has delivered legal notices to the relevant parties, demanding repayment and preservation of evidence. Currently, the Morpho Worldchain sdeUSD position has fully recovered, and the treasury risk exposure has been reduced by over 50%.