An Argentine judge ordered the freezing of Libra-related wallets involving $8.2 million

Comparing news, Argentina's federal judge Marcelo Martinez ordered the identification and freezing of a set of Libra-related wallets. Previously, the federal police cybercrime technology department had been tracking the flow path of related funds in multiple encrypted networks since May. The investigation involved 8 wallets labeled “Libra team,” which are directly linked to the token issuance.

According to the report, 4 of these wallets had collected nearly 57 million dollars to one address, which was previously frozen by the US District Court for the Southern District of New York and the restrictions were lifted. On May 10, the relevant funds were transferred to the Tron address through an interoperability agreement, amounting to nearly $500,000. At least 10 of the 17 transfers went through Binance, and 8 wallets were linked to Bybit, 2 to OKX, and 2 to Bitfinex.

Some users with $8.2 million in funding may be identified through centralized exchange KYC rules. The remaining funds are currently managed by the Libra Trust, which is scheduled to be distributed in the form of grants to Argentinian companies by November, and 71 applications are pending approval.