Key Points
Federal court in Argentina freezes 25 cryptocurrency wallets in $LIBRA investigation.
Exchanges ordered to provide KYC documentation and user identification records.
Investigators followed $LIBRA token movements through Tron and multiple platforms.
Major exchanges including Binance, Bybit, OKX, and Bitfinex linked to probe.
Investigation widens as millions in traced funds connected to $LIBRA case.
A federal court in Argentina has mandated the identification of wallet owners associated with 25 cryptocurrency addresses implicated in the $LIBRA token investigation. The judicial order also compels cryptocurrency exchanges to submit comprehensive user documentation while simultaneously freezing all assets tied to the flagged wallets. The investigation has gained momentum following the successful tracking of millions of dollars across various blockchain ecosystems.
Federal judge orders comprehensive wallet freeze and identification
Judge Marcelo Martínez de Giorgi from the federal bench issued the comprehensive order following an extensive cybercrime analysis conducted by Argentina’s Federal Police. The investigative document reconstructed the flow of digital assets associated with the $LIBRA token starting in May. Law enforcement personnel analyzed transaction patterns across numerous blockchain protocols to pinpoint individuals responsible for fund transfers.
The judicial directive mandates cryptocurrency platforms to disclose customer identities, verification documents, IP address logs, complete transaction records, and all associated account details. Investigators additionally requested supplementary documentation capable of revealing the identities of persons connected to the monitored transactions. The Argentine inquiry now concentrates on intelligence gathered from centralized digital currency exchanges.
The ruling identified 25 digital wallets suspected of managing funds retained by project founders following the disastrous launch in February 2025. The magistrate additionally mandated the freezing of all assets linked to these addresses throughout the investigative period. Authorities have not yet disclosed whether the targeted wallets currently hold the traced cryptocurrency.
Law enforcement maps cryptocurrency flows through major platforms
The investigative document reconstructed transactions involving eight addresses designated as belonging to the Libra Team. Law enforcement connected these wallets to the token’s genesis and subsequent asset movements after its market failure. The analysis revealed that four separate wallets consolidated assets into a single address designated as 61yk.
Authorities discovered that address 61yk remained immobilized for approximately six months pursuant to a directive from the U.S. District Court. The restriction stemmed from independent legal proceedings involving token creator Hayden Davis. Following the expiration of the freeze, investigators documented new transfers originating from the wallet across several blockchain ecosystems.
The investigative analysis indicated that assets were moved employing a digital fragmentation technique that subdivided substantial balances into numerous smaller transfers. Law enforcement tracked the movement of 498,539 USDT through a cross-chain bridge protocol onto the Tron blockchain. The destination wallet subsequently fragmented the total into 17 distinct transactions distributed across various recipients.
Probe connects wallets to major cryptocurrency exchanges
Law enforcement documented a minimum of ten transactions routed through Binance during the most recent blockchain analysis phase. Furthermore, investigators linked eight wallet addresses to Bybit, two addresses to OKX, and an additional two to Bitfinex. Since centralized platforms typically mandate identity verification procedures, the Argentine judiciary anticipates these records will substantially advance the investigation.
Cryptocurrency analyst Fernando Molina had previously monitored asset movements associated with the project. His evaluation calculated that approximately $8.2 million remained dormant before resuming activity in May. These wallets consequently now constitute a central component of the expanding Argentine legal inquiry.
The $LIBRA token attracted widespread attention after Argentine President Javier Milei endorsed the project through social media channels prior to its dramatic market failure. Law enforcement agencies have maintained scrutiny of financial transactions related to the token since that incident. Separate reporting suggests that remaining assets are currently administered through a trust structure established by Hayden Davis to fund grant applications from Argentine businesses as part of an intended project relaunch.
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