An Argentine judge ordered the freezing of assets related to the Meme coin LIBRA supported by President Milei

According to market news, Argentine judge Marcelo Giorgi has ordered the freezing of assets related to the scandal involving the Meme coin LIBRA supported by President Milei, implementing an indefinite "prohibition order" on the property and financial assets of Hayden Davis and two cryptocurrency operators (Argentinian Orlando Mellino and Colombian Favio Rodriguez). The cryptocurrency wallets of these two operators have shown suspicious activity and are currently under judicial review.

Federal prosecutor Eduardo Taino requested this measure, supported by a technical report from departments related to financial investigations and illegal asset recovery, recommending lawsuits against the three individuals. The judge determined that the case met the criteria of reasonable suspicion and risk of delay, approving the asset preservation request, resulting in investor losses of approximately $100 million to $120 million. The judge emphasized that the prohibition order is only effective for a strictly necessary period and ordered notification to the National Securities Commission, expanding the scope of the asset freeze to all relevant platforms within Argentina. Additionally, the prosecution found that 42 minutes after Milei tweeted a selfie with Davis, Davis transferred $507,500 through Bitget, which could constitute indirect bribery.