An Argentine federal judge has ordered the identification and freezing of 25 cryptocurrency wallets tied to the LIBRA memecoin case, according to a court document reviewed by Clarín. The wallets were routed through exchanges including Binance, Bybit, OKX, and Bitfinex.
Judge Marcelo Martínez de Giorgi ordered authorities to identify the holders of the wallets, which Clarín said had been moving digital dollars in recent months. The order also called for the funds in those wallets to be frozen, though the newspaper said it remains unclear whether the wallets still hold funds or whether the money has already moved on.
Police traced movements starting in May 2026
The measure followed a report from the Cybercrime Technical Department of the Argentine Federal Police, which tracked crypto transfers across networks beginning in May 2026, according to Clarín.
The police reconstruction found that at least 10 of the traced transactions passed through centralized platforms such as Binance. The wallet set also included eight wallets on Bybit, two on OKX, and two on Bitfinex, bringing the total to about 25, Clarín reported. Because centralized exchanges require identity documents to open accounts, the judge requested KYC records, linked IP addresses, transaction histories, and any other information that could help identify those responsible.
498,539 USDT was moved to Tron and then split into 17 transfers
According to the police report cited by Clarín, a mass outflow of funds took place on May 10. That movement used an interoperability protocol to send 498,539 USDT to a wallet on the Tron network. The funds were then split across 17 transactions to make the trail harder to follow.
Clarín also cited crypto analyst Fernando Molina, who it credited as one of the first to trace the LIBRA money trail. Molina had reconstructed that about $8.2 million sat idle before starting to move in May 2026 through the wallets now covered by the court order.
Molina says exchanges have not acted on the request yet
On July 14, Molina warned on X that the order remains only a request. "This is only a request that, as far as we know, has not yet been acted on by the exchanges," he wrote in Spanish, adding that the money derived from LIBRA had not yet been frozen.
Four Libra Team wallets were traced to a single address
The police report also traced four of eight "Libra Team" wallets to one wallet identified as "61yk." Clarín said that wallet has been frozen for nearly six months at the request of the U.S. Southern District of New York in the case investigating token creator Hayden Davis.
Token collapsed shortly after Milei promotion
The LIBRA token collapsed in early 2025, minutes after Argentine President Javier Milei promoted it. The Defiant said it has been tracking the Argentine investigation as it has progressed.