Assets associated with the infamous Libra token—launched in February, and promoted by Argentine President Javier Milei—were unfrozen by a Manhattan federal judge on Tuesday. The judge said that she no longer believes that the defendants would run off with the cash, after the pair had been compliant with court proceedings.

It comes after the same U.S. district judge, Jennifer L. Rochon, froze $57.6 million worth of USDC found in June as part of a case in which the plaintiffs are seeking over $100 million in damages. The frozen assets were in two wallets controlled by defendants Hayden Davis , CEO of venture capital firm Kelsier Labs LLC, and Ben Chow, founder of decentralized exchange Meteora.

On Tuesday, Judge Rochon stated that the pair were not conducting themselves as “evasive actors,” due to their compliance with the legal proceedings thus far.

"It is plain that money damages would be available to compensate the putative class," Judge Rochon said, according to Law360 . "Plaintiffs have not made a sufficient showing of irreparable harm."

As such, she decided to lift the freeze requirement on the $57.6 million worth of USDC on Tuesday. These assets haven’t moved from the originally frozen wallets, which are still holding $13.06 million and $44.59 million respectively.

In doing so, the judge added that she is “skeptical” about the likelihood of the plaintiffs, represented by Burwick Law , succeeding in their case. Although she added, the case is still in an early phase.

“This ruling affirms what we have said all along—this case is meritless,” lead counsel for Davis, Mazin Sbaiti, founding partner of Sbaiti & Company PLLC, said in a statement shared with Decrypt . “Despite the opportunity to put in all of their evidence, [there was] no evidence that our client did anything wrong or caused losses. Today’s hearing and decision reveal the case for what it is.”

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The plaintiffs allege that Davis and Chow misled investors with the promotion of Solana meme coin Libra (LIBRA), using the social media post from President Milei as a way to give the token an air of legitimacy.

Chow's lawyer, Samson Enzer of Cahill Gordon & Reindel LLP, told Law360 that the plaintiffs’ claims are “untested and meritless,” and that “we look forward to briefing our upcoming motion asking the court to dismiss this lawsuit.”

Burwick Law did not immediately respond to Decrypt ’s request for comment.

The legal battle is part of the fallout of the LIBRA token, which hit a $1.17 billion market capitalization before crashing down 97% to $33 million within 24 hours, according to DEX Screener .