The $LIBRA crypto scam case took a new turn this Monday. Federal Judge Marcelo Martínez de Giorgi ordered the freezing of 25 crypto asset accounts linked to the scandal that has President Javier Milei in the eye of the storm. The measure was requested by prosecutor Eduardo Taiano after receiving a technical report from the Cybercrime Department of the Federal Police, which managed to reconstruct the flow of funds from the token’s launch to its collapse.
The frozen accounts are on six platforms: 10 on Binance, 8 on Bybit, 2 on OKX, 2 on Coinex, one on Fixedfloat, and 2 on Bitfinex. The judge also ordered those exchanges to provide all data on the holders, including opening documentation, IP records, transactions, and associated bank accounts.
According to the PFA report, experts conducted a «reverse traceability» of on-chain transactions, managing to identify a continuous sequence starting from the «Team Libra» wallets and passing through services such as Jup.ag, FixedFloat, and deBridge Finance, until reaching centralized exchanges. «The subsequent distribution of funds to various addresses linked to centralized exchanges, mainly Binance, Bybit, OKX, and CoinEx, as well as to wallets grouped under the name ‘Exposed on X,’ was observed,» the report details.
Investigators consider the freezing «essential to prevent handling, transfers, or disposals of assets that could constitute the proceeds of crime, ensure eventual asset recovery, and prevent further crimes.» The measure aims to halt any movement of funds while the investigation progresses.
Prosecutor Taiano, who critics say is conducting the investigation at a snail’s pace, requested the freezing three days after receiving the Federal Police report. Martínez de Giorgi, the same judge who days earlier removed the plaintiffs at the request of trader Mauricio Novelli – accused of intermediating in the scam and close to Milei – granted the request.
The PFA report identified specific roles for each wallet. «Team Libra Wallet 1» was flagged as «the starting point of a fund distribution structure made up of multiple interconnected digital wallets.» The involvement of FixedFloat as «signatory and fee payer» was also detected. Another wallet acted as the «main concentration node,» from which funds were transferred on November 25, 2025, to an address identified as «Solana First Funder: Libra – Squads Vault – Milei CATA,» one of the first recipients of funds.
The connection to Milei is no coincidence: it was his tweet with privileged information that drove the launch of $LIBRA. Now, the courts seek to determine who is behind the frozen accounts to unblock the case. If they manage to identify the holder of the wallet that received funds through blockchain bridges, the case could emerge from the lethargy that has stalled it.
The PFA report also details that 17 «bridges» of USDC or USDRT crypto assets from the Solana network to the Tron network in USDT were identified, depositing everything into a specific wallet. That massive, coordinated movement of funds, using interoperability protocols, is the key that investigators are trying to decipher.
Para mí esto es un choreo del juez vendepatria Martínez de Giorgi que protege a los zurdos. Congelar cuentas es cortina de humo para tapar a los que quieren destruir a Milei. ¡Aguante la libertad carajo! Los chorros kirchneristas deberían estar presos, no persiguiendo inversores cripto. Firmado: El Tano Loco
Para mí esto huele a cortina de humo, congelan 25 cuentas de $LIBRA pero no encuentran a los dueños, ¿qué casualidad no? Yo creo que los amigos del poder, los mismos de siempre, se están cubriendo entre ellos. Milei y sus secuaces se hacen los boludos mientras chorean hasta las criptos. Justicia para los chorros, siempre lo mismo. #FueraMilei #EstafaCripto