An Argentine federal judge has ordered the identification and freezing of a group of wallets linked to Libra, according to ChainCatcher. The order follows a probe by the federal police cybercrime technical unit, which has tracked the movement of related funds across multiple crypto networks since May. Investigators said the case involves eight wallets labeled "Libra team" that were directly tied to the token’s issuance. Four of those wallets reportedly consolidated nearly $57 million into one address that had previously been frozen and later unfrozen 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 in related funds may be traceable 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. There are already 71 applications awaiting approval.
Argentine federal judge Marcelo Martinez has ordered the identification and freezing of a group of wallets tied to Libra, according to ChainCatcher.
The move follows an investigation by the federal police cybercrime technical unit, which has tracked the flow of related funds across multiple crypto networks since May. The probe covers eight wallets labeled "Libra team," which were said to be directly connected to the token’s issuance.
A report cited in the coverage said four of those wallets had consolidated nearly $57 million into a single address. That address had previously been frozen and later released by the U.S. District Court for the Southern District of New York.
On May 10, close to $500,000 in related funds was transferred through an interoperability protocol to a Tron address.
Of 17 transfers, at least 10 passed through Binance. Another eight wallets were linked to Bybit, two were linked to OKX, and two were linked to Bitfinex.
The report added that some users connected to the related $8.2 million in funds may be identifiable through KYC rules at centralized exchanges.
The remaining funds are now managed by Libra Trust. The trust plans to distribute the money as grants to Argentine companies before November, with 71 applications already awaiting approval.
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