Argentina Freezes 25 $LIBRA-Linked Crypto Wallets and Seeks Owner Details

Highlights:

• Argentine judge freezes 25 crypto wallets linked to $LIBRA and seeks account holder identities from six platforms.
• Investigators are tracing stablecoin transfers across Solana, Tron and Ethereum to identify possible fund beneficiaries.
• The freeze supports the ongoing investigation but does not prove any wallet owner committed a crime.

An Argentine federal judge has ordered the freezing of 25 crypto wallets linked to the $LIBRA investigation. The court also directed six international crypto exchanges to identify the account holders and provide complete transaction records, Clarin reported on July 14.

Federal Judge Marcelo Martínez de Giorgi approved the freeze after prosecutor Eduardo Taiano requested it. Taiano based his request on a technical report prepared by the Argentine Federal Police’s Cybercrime Department. The order will stop any further movement of the funds while investigators work to identify the wallet owners and determine who received the money. 

Argentine Judge Freezes 25 Crypto Accounts, Orders Six Exchanges to Identify Account Holders

Argentine federal judge Marcelo Martínez de Giorgi ordered 25 crypto accounts linked to the LIBRA investigation frozen and directed Binance, Bybit, OKX, CoinEx, FixedFloat and Bitfinex… pic.twitter.com/rvTmh8eFFv

— Wu Blockchain (@WuBlockchain) July 17, 2026

Judge Seeks KYC Records From Six Crypto Exchanges

The order covers accounts on Binance, Bybit, OKX, CoinEx, FixedFloat and Bitfinex. Investigators identified 10 addresses on Binance, eight on Bybit, two on OKX, two on CoinEx, one on FixedFloat and two on Bitfinex. The judge asked each platform to provide its complete Know Your Customer, or KYC, records. Crypto exchanges use KYC checks to confirm a customer’s identity before allowing certain transactions.

The requested information includes account-opening documents, linked bank accounts, IP connection records, activity within the platforms, and the complete transaction history for each address. These records could show who opened the accounts, which devices they used, and how they moved money into or out of the platforms. They may also help investigators determine whether several wallets belonged to one person or a coordinated group.

Investigators Trace Funds Across Solana, Tron and Ethereum

The police report used blockchain tracing and open-source intelligence to follow funds from addresses described as “Team Libra Wallets.” Investigators said the transaction trail eventually reached accounts on centralized exchanges, where verified customer records may reveal the owners.

According to the report, one major transfer occurred on May 10. A wallet sent approximately 499,058 USDC from the Solana network, while about 498,540 USDT arrived on the Tron network within 16 seconds through a cross-chain service.

Investigators said the funds were later divided into smaller transactions. Authorities described this method as digital “smurfing,” which involves breaking a large amount into many smaller transfers to make the money harder to track.

The report also identified other transfers that moved crypto assets from Solana to Tron and Ethereum. Investigators believe the movement across several blockchains and platforms may have made the complete fund trail more difficult to follow.

$LIBRA Case Focuses on Wallet Owners and Beneficiaries

The $LIBRA case began after Argentine President Javier Milei posted about the token on X on February 14 last year. Its price rose rapidly before collapsing, prompting investor complaints and investigations into the launch and movement of funds. The freezing order remains a precautionary court measure and does not prove that every wallet owner committed a crime. However, responses from the six exchanges could help investigators identify the final beneficiaries, connect other people to the transactions and preserve assets for possible recovery.