Argentine prosecutor Eduardo Taiano has ordered the freezing of all LIBRA tokens linked to the ongoing investigation into the controversial meme coin, which was promoted by President Javier Milei before its collapse. The move aims to prevent asset obfuscation while authorities analyze potential financial misconduct.
LIBRA Token Movements Under Scrutiny
Taiano has requested a detailed transaction report to identify wallet addresses that benefited the most from LIBRA’s trading activity. However, the pseudonymous nature of blockchain transactions has complicated efforts to trace the individuals behind these wallets.
Additionally, international cryptocurrency exchanges have been contacted to provide data on LIBRA’s movement across platforms. Authorities are examining whether LIBRA funds were funneled into other digital assets as part of a potential money laundering operation.
Potential Asset Laundering Connections
One of the investigated wallets has already been linked to purchases of other meme coins, a pattern that could indicate an attempt to launder assets. The prosecutor’s office is now cross-referencing communications, transaction histories, and visitor logs to establish whether there was a direct connection between LIBRA’s launch and President Milei.
Taiano has also requested phone records and official visit logs, aiming to trace key figures behind the project. This includes Karina Milei, the president’s sister, who faces accusations of allegedly accepting bribes disguised as consulting fees to facilitate access to Milei.
U.S. Authorities Join the Investigation
Reports indicate that the U.S. Department of Justice has launched a parallel probe into LIBRA, with American regulators investigating its financial impact and potential fraud.
Despite growing scrutiny, President Milei has denied involvement. In a February interview, he dismissed investor losses, stating, “If you go to the casino and lose money, it’s your problem.”
What’s Next?
As investigations continue in Argentina and the U.S., authorities are expected to reveal more findings in the coming weeks. Investors affected by LIBRA’s collapse are closely watching for legal action.
Stay updated on developments by following official reports and legal updates.
