Overview
- A federal judge in Buenos Aires ordered the freeze and identification of 25 wallets on Friday as part of the probe into the $LIBRA memecoin.
- The court named six platforms — Binance, Bybit, OKX, Bitfinex, CoinEx and FixedFloat — and demanded full customer KYC files, IP logs and transaction histories.
- Investigators say they traced a May movement of roughly 498,539 USDT and identified about $8.2 million that became active again after months of dormancy.
- Authorities report an intermediary wallet known as "61yk" had been frozen under an SDNY order and then redistributed funds using small split transfers, a tactic called digital smurfing.
- Loss estimates vary from roughly $100 million to more than $250 million, the case involves high-profile figures and a presidential endorsement, and recovery now hinges on cross-border exchange cooperation and the records those platforms hold.