Argentine Judge Orders ID, Freeze of 25 LIBRA-Linked Crypto Wallets

An Argentine federal judge ordered the identification and freezing of 25 cryptocurrency wallets tied to the LIBRA memecoin case, targeting accounts routed through exchanges including Binance, Bybit, OKX and Bitfinex, according to a court document reviewed by Clarín.

Judge Marcelo Martínez de Giorgi ordered the identification of the holders of the wallets, which had been moving digital dollars in recent months, Clarín reported. The order also directed that the funds held in those wallets be frozen, though Clarín noted it is not clear whether they still hold money or whether it kept moving.

The measure came from a report by the Cybercrime Technical Department of the Argentine Federal Police, which traced crypto movements across networks starting in May 2026, according to the newspaper.

The police reconstruction found that at least ten of the traced transactions passed through centralized platforms such as Binance, Clarín reported. The wallet set also included eight Bybit wallets, two on OKX and two on Bitfinex, totaling about 25. Because centralized exchanges require identity documents to open accounts, the judge requested KYC records, associated IP addresses, transaction histories and any other information that would allow identifying those responsible, per the document.

According to the police report cited by Clarín, a mass exit of funds on May 10 used an interoperability protocol to move 498,539 USDT to a wallet on the Tron network, which then split the funds across 17 transactions to obscure the trail.

Crypto analyst Fernando Molina, credited by Clarín as one of the first to track the LIBRA money trail, had reconstructed that about $8.2 million had sat idle before beginning to move in May 2026 through the wallets now targeted, the newspaper said.

Molina cautioned on X on July 14 that the order remains a request. "This is only a request that, as far as we know, has not yet been acted on by the exchanges," Molina wrote in Spanish, adding that the LIBRA-derived money had not yet been frozen.

The police report also traced four of eight "Libra Team" wallets to a single wallet identified as "61yk," which Clarín said had been frozen for nearly six months at the request of the Southern District of New York in the U.S. case investigating token creator Hayden Davis.

The LIBRA token collapsed in early 2025 minutes after Argentine President Javier Milei promoted it. The Defiant has tracked the Argentine investigation as it has advanced.