Libra

Solana

Meteora

Millions

Chamber

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li>Argentine Judge Martínez de Giorgi froze 25 crypto accounts tied to the $LIBRA investigation.</li>
 <li>Six exchanges, including Binance and Bybit, must submit full customer KYC and transaction records.</li>
 <li>Police traced fund flows from “Team Libra Wallets” through Solana and Tron blockchain networks.</li>
 <li>The $LIBRA token collapse reportedly cost more than 40,000 investors nearly $100 million in losses.</li>
</ul>
An Argentine judge froze 25 crypto accounts connected to the $LIBRA token investigation on Friday. Federal Judge Marcelo Martínez de Giorgi ordered six exchanges, including Binance, Bybit and Bitfinex, to identify account holders. 
The order followed a police report tracing fund flows from wallets linked to the token promoted by President Javier Milei in February 2025. The ruling seeks to prevent further asset movement during the ongoing probe.
<h2 id="b-judge-orders-exchanges-to-reveal-account-holders-b">Judge Orders Exchanges to Reveal Account Holders</h2>
Judge Martínez de Giorgi <a href="https://www.infobae.com/judiciales/2026/07/14/la-justicia-congelo-25-billeteras-cripto-del-caso-libra-y-ordeno-a-plataformas-identificar-a-sus-titulares/" rel="noopener noreferrer nofollow">issued</a> the resolution at the request of prosecutor Eduardo Taiano. The order relied on a technical report from the Cybercrime Department of the Argentine Federal Police. 
Six platforms were named in the ruling: Binance, Bybit, OKX, CoinEx, FixedFloat and Bitfinex. Ten addresses were tied to Binance, eight to Bybit, and smaller numbers to the remaining <a href="https://blockonomi.com/binance-reveals-70-of-eu-users-chose-self-custody-over-regulated-exchanges-after-mica/" rel="noopener noreferrer nofollow">exchanges.</a>
Each exchange must now hand over complete KYC files for the affected accounts. This includes account opening documents, internal memos and IP connection records. 
Linked bank account information and full transaction histories were also demanded. The Cybercrime Department will compile the official documentation for the case file.
The judge pointed to Argentina’s regulatory gap, noting there is no “governing body in matters of cryptocurrencies.”
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 <blockquote class="twitter-tweet">
 Argentine Judge Freezes 25 Crypto Accounts, Orders Six Exchanges to Identify Account Holders
 Argentine federal judge Marcelo Martínez de Giorgi ordered 25 crypto accounts linked to the LIBRA investigation frozen and directed Binance, Bybit, OKX, CoinEx, FixedFloat and Bitfinex… <a href="https://t.co/rvTmh8eFFv" rel="noopener noreferrer nofollow">pic.twitter.com/rvTmh8eFFv</a>
 — Wu Blockchain (@WuBlockchain) <a href="https://x.com/WuBlockchain/status/2078044708354527474?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 17, 2026</a>
 </blockquote>
</div>
He explained the freeze was needed to “avoid damage that is impossible to repair later.” Preventing further transfers of potential criminal proceeds was described as necessary to the case. The order also seeks to stop related offenses from continuing during the <a href="https://parameter.io/vgw-founder-laurence-escalante-resigns-amid-legal-troubles-and-regulatory-challenges/" rel="noopener noreferrer nofollow">legal process.</a>
The resolution further stated the measure was “indispensable” to secure eventual asset recovery. Judicial authorities want to block any handling or disposal of funds tied to the alleged crime. 
This step aims to preserve evidence while the broader investigation proceeds. Prosecutors say the frozen accounts remain central to tracing the token’s collapse.
<h2 id="b-investigators-trace-fund-movements-across-networks-b">Investigators Trace Fund Movements Across Networks</h2>
The police report used backward tracing and open-source intelligence to reconstruct the fund flow. Investigators found that funds departed from wallets identified as “Team Libra Wallets.” 
Millions of tokens moved toward the Meteora liquidity protocol between February 14 and 15, 2025. The balances later converged into a single intermediary wallet identified by investigators.
From that wallet, funds moved on November 25, 2025, to an address linked to a Solana-based vault. Arkham Intelligence had previously flagged this address in connection with the <a href="https://moneycheck.com/phone-records-connect-argentine-president-milei-to-libra-crypto-scandal/" rel="noopener noreferrer nofollow">$LIBRA token. </a>
A larger transfer occurred on May 10, 2026, involving nearly 500,000 USDT moved to the Tron network. The transaction was completed in 16 seconds using automated liquidity solvers.
No traditional exchange handled that specific transfer, according to the police findings. Once funds reached Tron, investigators say a smurfing pattern began. 
Fragmented amounts were distributed daily across multiple wallets to complicate tracing efforts. Seventeen separate bridges moving USDC or USDT from Solana to Tron were identified in total.
<h2 id="b-case-origins-trace-back-to-presidential-post-b">Case Origins Trace Back to Presidential Post</h2>
The $LIBRA case began after <a href="https://coincentral.com/argentine-president-milei-linked-to-libra-collapse-through-calls/" rel="noopener noreferrer nofollow">Milei</a> promoted the token on X on February 14, 2025. The token’s price surged from roughly $0.01 to near $5 within hours. 
It then collapsed following sell-offs attributed to the token’s creators and early holders. More than 40,000 people reportedly suffered losses in the crash.
Total withdrawals from the token are estimated at approximately $100 million. Kip Network, led by Julian Peh, and Kelsier Ventures, owned by Hayden Davis, face scrutiny. 
Both firms are named as participants in the token’s creation and launch. Lobbyist Mauricio Novelli and his associate Manuel Terrones Godoy are also accused.
The judge recently removed plaintiffs who had claimed status as injured investors. That decision has been appealed before Chamber I of the Buenos Aires Federal Court. The investigation into the $LIBRA token collapse continues under prosecutor Taiano’s direction.
&nbsp;
The post <a href="https://blockonomi.com/argentine-judge-freezes-25-crypto-wallets-in-libra-fraud-probe/" rel="noopener noreferrer nofollow">Argentine Judge Freezes 25 Crypto Wallets in $LIBRA Fraud Probe</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Argentine Judge Freezes 25 Crypto Wallets in $LIBRA Fraud Probe

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