An Argentine federal judge has ordered the identification and freezing of a group of wallets linked to Libra, according to Odaily. The move follows a tracing effort that began in May by the federal police cybercrime technical unit, which tracked the movement of related funds across multiple crypto networks. The investigation covers eight wallets labeled as belonging to the “Libra team,” with authorities saying the wallets were directly tied to the token’s issuance. A report cited in the case said four of those wallets had consolidated nearly $57 million into a single address. That address had previously been frozen and later unrestricted by the U.S. District Court for the Southern District of New York. On May 10, close to $500,000 was moved through an interoperability protocol to a Tron address. Of 17 transfers reviewed, at least 10 passed through Binance, while eight wallets were linked to Bybit, two to OKX, and two to Bitfinex. Part of the $8.2 million under review may be traceable to users through centralized exchange KYC records. The remaining funds are currently managed by Libra Trust, which plans to distribute them as grants to Argentine companies before November. Authorities said 71 applications are awaiting approval.
An Argentine federal judge, Marcelo Martinez, has ordered authorities to identify and freeze a set of wallets linked to Libra, according to Odaily. The order follows a tracing effort by the federal police cybercrime technical unit, which has tracked the movement of related funds across multiple crypto networks since May.
The investigation covers eight wallets labeled as the “Libra team.” Those wallets were described as directly connected to the token issuance. A report said four of them had consolidated nearly $57 million into a single address, which had previously been frozen and later unrestricted by the U.S. District Court for the Southern District of New York.
On May 10, close to $500,000 was moved through an interoperability protocol to a Tron address. Among 17 transfers, at least 10 passed through Binance. Another eight wallets were linked to Bybit, two to OKX, and two to Bitfinex.
Part of the $8.2 million involved may allow user identification through centralized exchange KYC rules. The remaining funds are now managed by Libra Trust, which plans to distribute them as grants to Argentine companies before November. At present, 71 applications are awaiting approval.
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