Key Points
Argentine judicial authorities have frozen 25 cryptocurrency wallets connected to the $LIBRA investigation.
Exchanges have been ordered to disclose Know Your Customer data for accounts linked to $LIBRA transactions.
Law enforcement officials tracked $LIBRA assets moving through Tron and multiple crypto exchanges.
Wallet addresses associated with Binance, Bybit, OKX, and Bitfinex are under scrutiny.
The investigation has widened after officials followed millions of dollars connected to the $LIBRA matter.
A federal court in Argentina has mandated the identification of individuals controlling 25 cryptocurrency wallet addresses tied to the ongoing $LIBRA case. Judicial authorities have also instructed cryptocurrency exchanges to deliver comprehensive user documentation while simultaneously freezing holdings associated with the specified wallets. The Argentine investigation has broadened considerably following law enforcement’s successful tracking of substantial sums across various blockchain platforms.
Court mandates wallet holder identification and freezes digital assets
Judge Marcelo Martínez de Giorgi of the federal judiciary issued the recent order following his examination of a cybercrime analysis produced by Argentina’s Federal Police force. This analysis reconstructed the flow of digital currency associated with the $LIBRA token beginning in May of this year. Moreover, law enforcement personnel traced transactions throughout numerous blockchain ecosystems to pinpoint individuals responsible for the fund transfers.
The judicial directive compels cryptocurrency exchanges to furnish customer identification data, Know Your Customer documentation, internet protocol addresses, comprehensive transaction logs, and associated account details. Officials additionally demanded any supplementary documentation capable of revealing the identities of persons linked to the monitored transactions. Consequently, the Argentine judicial inquiry now concentrates on documentation obtained from centralized cryptocurrency trading platforms.
The tribunal identified 25 wallet addresses suspected of processing funds retained by project developers following the unsuccessful February 2025 token deployment. In addition, the presiding judge mandated the freezing of all holdings linked to these wallet addresses throughout the duration of the inquiry. Nevertheless, officials have yet to verify whether the specified wallets currently retain the tracked assets.
Law enforcement traces digital asset transfers through trading platforms
The police analysis reconstructed movements involving eight wallet addresses designated as the Libra Team. Law enforcement connected these addresses to the token’s deployment and the subsequent movement of assets after its market failure. The analysis revealed that four separate wallets channeled holdings into a consolidated wallet designated as 61yk.
Authorities discovered that wallet 61yk had been immobilized for nearly half a year pursuant to a directive from a United States District Court. This restriction stemmed from an independent legal proceeding concerning token developer Hayden Davis. Following the expiration of the freeze, investigators monitored fresh transfers originating from the wallet traversing multiple blockchain systems.
The analysis indicated that assets were relocated employing a digital fragmentation technique that separated substantial balances into numerous smaller transfers. Law enforcement monitored a movement of 498,539 USDT through a cross-chain bridge protocol onto the Tron blockchain network. The destination wallet subsequently fragmented this amount into 17 distinct transactions distributed across various receiving addresses.
Broader implications emerge in the expanding $LIBRA investigation
Law enforcement documented no fewer than ten separate transactions processed through Binance during their most recent examination of blockchain movements. Furthermore, they linked eight wallet addresses to Bybit, two addresses to OKX, and an additional two to Bitfinex. Since centralized trading platforms typically mandate identity confirmation, the Argentine tribunal anticipates these documentation records will substantiate the ongoing investigation.
Cryptocurrency researcher Fernando Molina had earlier monitored the transfer of assets associated with the token project. His research calculated that approximately $8.2 million remained dormant before resuming activity in May. As a result, these wallet addresses now constitute a component of the expanding Argentine legal investigation.
The $LIBRA token attracted considerable notice after Argentina’s President Javier Milei endorsed the initiative through social media channels prior to its dramatic market failure. Officials have maintained their scrutiny of financial transactions associated with the token since that incident. Concurrently, independent sources suggest that remaining assets are administered through a trust structure established by Hayden Davis to finance grant applications from Argentine enterprises as part of an intended project relaunch.
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