Argentine judge orders the freezing of $8.2 million in Libra-related wallets

Argentina's federal judge Marcelo Martinez ordered the identification and freezing of a group of wallets linked to Libra after the federal police's cybercrime technology unit began tracking the flow of funds through multiple encrypted networks in May. The investigation involved eight wallets labeled "Librateam" that were directly related to token issuance. The report showed that four of the wallets had nearly $57 million collected to an address that was previously frozen and lifted by the U.S. District Court for the Southern District of New York. On May 10, the relevant funds were transferred to the Tron address through an interoperability agreement, with an amount of nearly US$500,000. At least 10 of the 17 transfers went through Binance, and 8 wallets were associated with Bybit, 2 were associated with OKX, and 2 were associated with Bitfinex. Some users of the US$8.2 million in funds may be identified through centralized exchange KYC rules. The remaining funds are currently managed by LibraTrust, which plans to distribute them in the form of grants to Argentine companies before November, with 71 applications pending approval.