An Argentine federal judge has ordered the urgent identification and freezing of crypto wallets linked to the Libra token, expanding an investigation into fund movements tied to the project. The measure follows a police report that traced transfers worth millions across several blockchain networks since May.
Probe targets wallets tied to Libra team
According to the source report, Federal Judge Marcelo Martinez issued the order as part of an investigation into wallets associated with the Libra team. Authorities are examining activity connected to the token launch that had been promoted by Argentina’s president, placing the case at the center of a politically sensitive crypto controversy.
The reported judicial action does not present final conclusions about the origin or purpose of the funds. Instead, it focuses on securing wallets identified in the investigation while authorities continue mapping connections between addresses and transactions.
Transfers traced across multiple networks
The order came after a police report followed wallet movements through multiple crypto networks beginning in May. The source article says the report traced millions in transfers, indicating that investigators believe the assets were moved through a broad set of channels rather than a single network or platform.
That multi-network trail appears to be a key factor behind the urgency of the freeze. By seeking to identify and immobilize wallets, the court is attempting to preserve assets potentially relevant to the case while investigators continue reviewing transaction flows.
Major exchanges named in the investigation
The investigation also involves activity routed through several large crypto exchanges. The source report names Binance, Bybit, OKX, and Bitfinex as part of the transaction path examined by authorities.
Their inclusion in the report indicates that investigators are not only looking at onchain transfers, but also at movements that may have passed through major trading venues. The article does not state whether any of the exchanges are accused of wrongdoing; it says only that the traced activity moved across those platforms.
Part of a broader regional crypto picture
The Libra wallet freeze was highlighted in a weekly roundup of crypto developments in Latin America. In the same report, Bolivia was described as evaluating the possible inclusion of USDT in its financial system as it responds to foreign-currency scarcity, while Venezuela’s Binance P2P market was estimated by Ecoanalitica to have reached about $1.389 billion between June 11 and July 13, or nearly $44 million per day.
Within that broader regional context, the Argentine case stands out as a legal and investigative development rather than a market expansion story. The key immediate step is the court-ordered effort to identify and freeze wallets allegedly linked to Libra while authorities continue to follow the flow of funds.
Source: news.bitcoin.com