Argentine court orders six exchanges to identify holders of 25 wallets in the LIBRA case

Argentine federal judge Marcelo Martínez de Giorgi has ordered the freezing of 25 crypto wallets tied to the investigation into the collapse of the LIBRA token, and required six international exchanges to identify the account holders and hand over full transaction histories.

Which Exchanges the Wallets Were Found On

• Binance — 10 addresses
• Bybit — 8 addresses
• OKX — 2 addresses
• CoinEx — 2 addresses
• Bitfinex — 2 addresses
• FixedFloat — 1 address

Where the Investigation Came From

The order is based on a report from the Cybercrime Technical Department of the Argentine Federal Police, which traced crypto fund movements that began in May 2026: roughly $8.2 million had sat idle at the addresses before it started moving that same month, which is what triggered the investigation. In the judge's view, the freeze is necessary to prevent further movement of funds that may be found to be proceeds of a crime, and to preserve the possibility of returning them to affected investors.

Source: Infobae

What the LIBRA Case Is About

The LIBRA token collapsed in February 2025, just minutes after Argentine President Javier Milei posted about it on X, promoting the project: the price spiked from $0.01 to nearly $5 within hours, then crashed amid sales that investigators tie to the token's creators and people with privileged access to information. Investigators estimate more than 40,000 investors were affected, with withdrawals attributed to the token's creators totaling roughly $100 million.

What This Means in Practice

An important detail: the court order is, for now, just that — a request. As of publication, the exchanges hadn't confirmed compliance, and the LIBRA-tied funds hadn't actually been frozen. The blockchain records every movement transparently, but stopping it requires cooperation from private companies operating across multiple jurisdictions: Argentine investigators can trace the USDT flows and file the orders, but until Binance, Bybit, OKX, and the other platforms formally respond, the money remains in limbo.

This material is for informational purposes only and is not investment advice.