Overview
- An urgent hearing in Manhattan ended with Judge Jennifer L. Rochon rejecting an emergency request to re-freeze wallets tied to the $LIBRA launch, according to multiple reports.
- Blockchain analyst Fernando Molina traced a 69,000 SOL withdrawal (about $9 million) from a multisig labeled “Milei” that had been inactive since February 15, with funds routed through wallets including oHtMM and 2B7NY and then converted to USDC via cross-chain tools.
- Court filings say “Exit Wallet 1” executed 37 transactions converting roughly $44.6 million and the “Deployer” wallet converted another $17 million, with experts noting the Exit Wallet’s multisig approvals indicate coordinated actions.
- A forensic report submitted to the court describes a November 16 “proof of concept” that converted tokens to SOL and sent them via NEAR Intents to a ZCash address where the trace ends, demonstrating a path to permanent anonymization.
- Hayden Davis denies wrongdoing and announced “The Libra Trust,” presented as a vehicle to fund Argentine small businesses and described on its site as independent of both Davis and President Javier Milei.