- Argentina has ordered the freezing of 25 crypto accounts associated to the LIBRA token investigation.
- The six international exchanges should present KYC, IP logs, banking particulars, and transaction information.
- Investigators used OSINT and blockchain forensic evaluation to hint the funds throughout the blockchain.
An Argentine federal courtroom has ordered the freezing of 25 crypto accounts within the ongoing LIBRA token investigation. It additionally directed six international exchanges to supply intensive buyer data, together with know-your-customer (KYC) information, IP logs, linked financial institution accounts, and full transaction historical past.
The sentence was handed down by federal decide Marcelo Martínez de Giorgi on the request of prosecutor Eduardo Taiano. That is one in every of Argentina’s most aggressive judicial actions towards digital foreign money monetary crimes. The order has been issued, however enforcement remains to be pending.
Ordered six exchanges to establish pockets house owners
The courtroom order targets accounts hosted on Binance, Bybit, OKX, CoinEx, FixedFloat, and Bitfinex. Particularly, the freeze applies to 10 Binance addresses: 8 on Bybit, 2 on OKX, CoinEx, and Bitfinex, and 1 on FixedFloat.
Exchanges should present full buyer information, together with account opening paperwork, KYC information, inside platform communications, IP connectivity logs, linked checking account data, interactions with the platform, and full transaction historical past for a given pockets.
The request is carried out by means of the Cybercrime Technical Division of the Argentine Federal Police (PFA).
Choose Martinez de Giorgi stated the precautions had been vital to forestall “irreparable harm” as a result of there isn’t a devoted regulator to supervise cryptocurrencies.
The judgment additionally goals to protect belongings that will signify the proceeds of crime, whereas stopping additional transfers till the investigation is concluded.
Investigators hint the circulate of funds from Workforce LIBRA wallets
The prosecution relied on a forensic report from the PFA Cybercrime Expertise Unit, which used blockchain backtracking and open supply intelligence (OSINT) to reconstruct the motion of funds.
In keeping with investigators, the belongings originated from a pockets recognized as “Workforce Libra Pockets,” which transferred hundreds of thousands of Libra tokens to the Meteora Libra Liquidity Protocol shortly after the token was launched in February 2025. Funds had been then consolidated into intermediate wallets and in the end moved between blockchain networks.
The report claims that on Could 10, 2026, roughly 498,539 USDT was bridged from Solana to Tron inside 16 seconds utilizing interoperable protocols moderately than a centralized trade.
Investigators additional allege that the funds had been later distributed by means of a “digital smurfing” technique. This splits the belongings into many smaller transactions throughout a number of wallets, making it harder to hint on the blockchain.
Notably, the incident started after Argentina’s President Javier Millei promoted the LIBRA token on X on February 14, 2025. The token soared from round $0.01 to almost $5 earlier than crashing following heavy promoting allegedly linked to insiders.
Authorities estimate that greater than 40,000 traders suffered whole losses of about $100 million. The investigation additionally seems into the alleged roles of KIP Community, Kerscher Ventures, American entrepreneur Hayden Davis, and Argentine celebrities Mauricio Novelli and Manuel Terrones Godoy in reference to the token launch.
Potential tipping level for cryptocurrency crackdown
The pressured trade of disclosure of KYC paperwork, IP addresses, banking particulars, and transaction historical past factors to a extra complete investigative technique to hyperlink blockchain exercise to real-world identities.
Related requests have been made in different jurisdictions, however Argentina’s broad request throughout a number of worldwide exchanges in a politically high-profile cryptocurrency case might immediate prosecutors in different areas to hunt comparable cross-border cooperation in future fraud investigations.
Associated: Argentina sends on-line playing and digital foreign money funds invoice to Congress
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