Argentina Moves to Freeze Assets in LIBRA Crypto Case

Story Highlights

• Argentina Freezes $110M in Assets Amid LIBRA Crypto Probe

• Prosecutor Taiano Seeks Key Digital Evidence in LIBRA Case

• Investigators Track Hidden Figures Behind LIBRA Crypto Scheme

Argentina is taking strong action in the LIBRA cryptocurrency case. Federal prosecutor Eduardo Taiano has requested the freezing of $110 million in assets. The probe targets President Javier Milei while investigating businessmen about their earnings from digital assets outside of legal channels.

Prosecutor Seeks Key Digital Evidence in LIBRA Case

Taiano launched a fresh investigation phase to determine the nature of the committed crimes. The first step directed by Taiano involved procuring important digital verification data. The investigation tracks suspicious transactions as well as identifies and traces down assets. The investigation requires him to send international cooperative demands enabling access to foreign exchange data and financial institution information.

Digital evidence stands as one of the primary concerns that must be preserved. Taiano demanded comprehensive transaction documentation related to $LIBRA since its introduction to the market. The investigation team was ordered to retrieve all deleted social media content which included the deleted cryptocurrency announcement made by President Milei through X account on February 14.

The investigation team has started reconstructing all financial deals that took place during peak trading days from February 14 through 15. The total value of digital wallet transactions is known to authorities yet the persons behind those transactions remain unidentified because digital wallets employ encryption methods.

Investigators Seek Key Figures Behind LIBRA Crypto Scheme

The investigation requires Taiano to request the freezing of digital addresses linked to the investigation to stop funds from moving. The implementation of freezing measures on digital addresses will prevent the fraudulent assets from moving to other platforms so authorities can track them better.

While this occurs, the prosecutor establishes international investigation warrants. International cryptocurrency exchange records will become accessible through these requests for legal access. The prosecutor continues his work with international regulatory bodies to conduct investigations into money laundering activities.

The primary objective includes finding all individuals who participated in establishing the scheme. The investigators reviewed all phone and visitor documentation at Casa Rosada and Olivos estate to reach their investigation goals. The collected data will show which persons are linked to one another through their various connections.

Multiple witnesses for the investigation are presently being gathered. Individuals working with cryptocurrencies, along with those having close access to the president, form part of the examination.

The investigative team currently performs asset analysis on the suspects’ financial holdings. They are reviewing bank accounts, investments, and other financial activities to uncover any suspicious wealth increases linked to $LIBRA trading.