Argentine judge orders Libra wallet freeze as investigators trace $57 million

An Argentine federal judge has ordered six cryptocurrency platforms to freeze dozens of wallets tied to the Libra memecoin investigation and surrender complete client files, including KYC records, IP logs, linked bank accounts, transaction histories and internal memos, as prosecutors try to identify the people behind the fund flows. The measure, requested by prosecutor Eduardo Taiano on July 14, follows a Federal Police cybercrime report that traced an unbroken chain of on-chain transfers from Team Libra wallets through Jup.ag, FixedFloat and deBridge Finance to major exchanges. Investigators say the token, launched on February 14, 2025 and promoted by President Javier Milei on X before the post was deleted, surged from about $0.01 to nearly $5 before collapsing within hours. Prosecutors allege a small cluster of wallets withdrew about $100 million while more than 40,000 later buyers suffered steep losses. The judge said the plausibility of the claim and the danger of delay justified keeping the accounts frozen to preserve assets for potential confiscation. The push to attach names to the wallets comes as the victim-led side of the case has weakened after the removal of five investor plaintiffs earlier in July, leaving Taiano to carry the investigation forward.