Argentinian Judge Freezes 25 Crypto Wallets Linked to $LIBRA Investigation

An Argentine judicial authority has mandated the freezing of assets connected to 25 cryptocurrency wallets involved in the $LIBRA token investigation. This action follows the tracing of approximately $8.2 million in transactions that have moved across various blockchain networks.

Details of the Investigation

The order was issued by Federal Judge Marcelo Martínez de Giorgi after a comprehensive report from the Cybercrime Technical Department of the Argentine Federal Police, which analyzed crypto asset movements starting in May. Investigators traced nearly 498,539 USDT through multiple wallets, with notable transactions occurring via exchanges such as Binance, Bybit, OKX, and Bitfinex.

Authorities are currently seeking to obtain know-your-customer (KYC) records, transaction histories, and other relevant data that may help identify the wallet holders. Several of these wallets have been linked to the $LIBRA project, launched in February 2025, which experienced a brief price surge before collapsing shortly after.

The wallets targeted in this latest measure are suspected of managing portions of the funds linked to the creators of the $LIBRA token. The court's decision comes amid ongoing scrutiny of the token’s promotion by Argentine President Javier Milei on social media.

Ongoing Monitoring

Previously, token creator Hayden Davis claimed around $110 million remained under his control after the token’s launch. Investigators have identified activity from eight wallets associated with the $LIBRA Team, with four consolidating assets into a wallet known as “61yk.” This specific wallet had been frozen for nearly six months due to a separate court order in the U.S. District Court for the Southern District of New York.

Following the lifting of restrictions, authorities reported that the “61yk” wallet began redistributing funds using a method described as “digital smurfing,” which involves breaking larger transactions into smaller amounts to evade scrutiny. On May 10, a large transfer of 498,539 USDT was executed, followed by the distribution of these funds into 17 separate wallets.

The material is informational and not financial advice.