{"id":75532,"date":"2026-07-17T07:35:37","date_gmt":"2026-07-17T07:35:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/argentine-judge-orders-urgent-freeze-of-crypto-wallets-tied-to-controversial-libra-token\/"},"modified":"2026-07-17T07:35:37","modified_gmt":"2026-07-17T07:35:37","slug":"argentine-judge-orders-urgent-freeze-of-crypto-wallets-tied-to-controversial-libra-token","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/argentine-judge-orders-urgent-freeze-of-crypto-wallets-tied-to-controversial-libra-token\/","title":{"rendered":"Argentine Judge Orders Urgent Freeze of Crypto Wallets Tied to Controversial Libra Token"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Judge Martinez froze Libra wallets after police traced the funds, exposing the networks used to hide them.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Wallets moved millions through crypto exchanges, allowing authorities to use KYC rules to identify users.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A Libra Trust now manages the remaining funds, planning to distribute them as grants to local companies.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Federal Judge Orders Identification of Libra Wallet\u2019s Owners<\/h2>\n<p>The Libra case, which investigates the launch and subsequent movement of the funds allocated through the controversial <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-token-sale\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">token sales<\/a>, has reached new developments in Argentina.<\/p>\n<p>According to a <a href=\"https:\/\/www.clarin.com\/politica\/caso-libra-justicia-pidio-identificar-titulares-25-billeteras-cripto-vinculadas-escandalo_0_xiNMFPKnPT.html\" target=\"_blank\" rel=\"noopener noreferrer\">document<\/a> reviewed by local media, Federal Judge Marcelo Martinez ordered the identification and freezing of a set of wallets linked to Libra after receiving a report from the Federal Police\u2019s Cybercrime Technical Department that reconstructed the trail of these through several <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> networks starting in May.<\/p>\n<p>The move scrutinized eight wallets labeled as \u201cLibra team,\u201d which had direct involvement in the token launch after Argentina\u2019s President Javier Milei promoted it on social media. The report recorded the moves of these wallets, with four consolidating nearly $57 million into an address that was <a href=\"https:\/\/news.bitcoin.com\/libra-case-update-57-million-frozen-investigations-progress\/\">blocked<\/a> and <a href=\"https:\/\/news.bitcoin.com\/federal-judge-unfreezes-58m-in-libra-linked-funds\/\">released<\/a> by the United States District Court for the Southern District of New York, after it determined that the funds were no longer at risk of dissipation.<\/p>\n<p>The referenced wallet allegedly mixed funds using several other wallets. On May 10, there was a massive fund movement that funneled nearly 500K through an interoperability protocol into a Tron address. This wallet also tried to obfuscate its transactions, but out of 17 movements executed, at least 10 passed through Binance. Similarly, eight wallets are linked to Bybit, two to OKX, and two to Bitfinex.<\/p>\n<p>This would, in theory, help identify the users linked to these $8.2 million, as most <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">centralized exchanges<\/a> comply with know-your-customer (KYC) requirements. Nonetheless, others might not be identifiable, as some institutions don\u2019t require customer identification for these operations.<\/p>\n<p>The remaining funds are now managed by a so-called Libra Trust, which aims to distribute them to Argentine companies through grants before November, with 71 applications already pending approval to receive these benefits.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/argentine-judge-orders-urgent-freeze-of-crypto-wallets-tied-to-controversial-libra-token\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Judge Martinez froze Libra wallets after police traced the funds, exposing the networks used to hide them. Wallets moved millions through crypto exchanges, allowing authorities to use KYC rules to identify users. A Libra Trust now manages the remaining funds, planning to distribute them as grants [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":75533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75532"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75532"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75533"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}