Federal judge Marcelo Martínez de Giorgi has ordered the freezing of 25 cryptocurrency wallets linked to the $LIBRA scandal, issuing sweeping disclosure demands to six major exchanges , Binance, Bybit, OKX, CoinEx, FixedFloat, and Bitfinex. The ruling, issued Monday night at the request of prosecutor Eduardo Taiano, marks the first large-scale asset freeze in Argentina's investigation into the token promoted by President Javier Milei.

The order targets 10 wallet addresses on Binance, eight on Bybit, two each on OKX, CoinEx, and Bitfinex, and one on FixedFloat. Each exchange must hand over complete customer dossiers under KYC standards, including account opening documents, IP logs, internal communications, linked bank accounts, and full transaction histories tied to the flagged addresses. The Cybercrime Technical Department of the Federal Police will serve the requests, with Interpol involvement where needed.

The ruling stems from a police forensic report that traced an "uninterrupted on-chain sequence" starting from eight wallets labeled "Team Libra Wallets." Those wallets moved millions of tokens to the Meteora Libra liquidity protocol on Feb. 14,15, 2025 , the same days Milei posted a since-deleted endorsement of $LIBRA on X. The funds then coalesced into a common intermediary wallet before being routed on Nov. 25, 2025 to an address Arkham tags as "Solana First Funder: Libra , Squads Vault , Milei CATA."

From there, investigators tracked a sophisticated dispersion pattern. On May 10, 2026, nearly 500,000 USDC bridged from Solana to Tron in 16 seconds via Bridge Finance's solver system. Once on Tron, the funds were fragmented into smaller transfers , classic smurfing , to evade tracking. A parallel stream sent funds to Ethereum via seven bridge transactions between June 4 and 17, followed by redistributions of $600,000,$800,000 per transfer.

Judge Martínez de Giorgi cited the "absence of a central regulatory body for cryptocurrencies" and the risk of "irreparable harm" to justify the pre-indictment freeze under Argentina's Criminal Code. The window for meaningful recovery is closing fast , assets that reach exchanges with weak or no KYC may vanish into untraceable wallets. Whether the targeted platforms comply in time will determine if Argentina's courts can pierce the pseudonymity that has shielded the $LIBRA operation's ultimate beneficiaries.