$LIBRA Token Collapse: Argentine Judge Freezes 25 Cryptocurrency Wallets

An Argentine judge has taken action to freeze 25 cryptocurrency wallets connected to an ongoing investigation into the $LIBRA token collapse. The order was issued by Federal Judge Marcelo Martínez de Giorgi, who cited a need to prevent further damage and secure eventual asset recovery.

The investigation, led by prosecutor Eduardo Taiano, is examining the collapse of the $LIBRA token in February 2025. The token's price surged from roughly $0.01 to near $5 within hours before collapsing, resulting in an estimated $100 million in losses for over 40,000 investors.

The judge has ordered six cryptocurrency exchanges, Binance, Bybit, OKX, CoinEx, FixedFloat, and Bitfinex, to submit full customer know-your-customer (KYC) files, including account opening documents, internal memos, and IP connection records. The Cybercrime Department will compile the documentation for the case file.

The investigation has used backward tracing and open-source intelligence to reconstruct fund flows. Investigators found that funds departed from wallets identified as 'Team Libra Wallets' and moved through various blockchain networks before being transferred to a Solana-based vault and then to the Tron network.