Argentine Investigation Into LIBRA Token Tightens Around President Milei

Argentine Judge Orders Asset Freeze in LIBRA Investigation

An Argentine federal judge has ordered the freezing of financial assets linked to key individuals involved in the LIBRA token launch, a project publicly supported by President Javier Milei. This includes Kelsier Ventures CEO Hayden Mark Davis, who has been closely associated with the project.

Asset Freeze Extends to Key Figures

The indefinite asset freeze also targets two individuals identified as wallet owners receiving funds from Davis during critical phases of LIBRA's development. The order, reviewed by Codeum, also mandates virtual asset service providers in Argentina to comply.

Investigation Links Davis to Financial Transfers

Judge Marcelo Martínez de Giorgi's order affects Davis, as well as Colombian Favio Camilo Rodríguez Blanco and Argentine Orlando Rodolfo Mellino, both linked to wallets involved in the transactions. The order follows requests from federal prosecutor Eduardo Taiano and technical reports from financial investigation agencies.

The investigation highlights multimillion-dollar transfers potentially linked to fraud, involving Argentine lobbyists Mauricio Novelli and Manuel Terrones Godoy. Prosecutors believe these transfers could represent indirect payments to government officials, with cryptocurrency converted to cash to obscure the trail.

Key Developments and Evidence

Evidence includes a $507,500 transfer made shortly after a meeting between Davis and President Milei. Investigators are focusing on the role of intermediaries like Rodríguez Blanco, who facilitated key transactions, and Mellino, a direct liaison in the dealings.

The investigation gained momentum after Congress's LIBRA Commission requested data from centralized exchanges, leading to the identification of wallets connecting Davis to the controversial transfers.