Argentine prosecutors aim to freeze assets in Libra’s memo coin fraud case

Prosecutors investigating Argentine President Javier Mairei’s alleged involvement in the Libra cryptocurrency scandal have called for a $110 million assets to be frozen.

According to local media outlet Clarín, federal prosecutor Eduardo Taiano, Argentine, also requested the recovery of deleted social media posts, including those made by Mairay, who promoted Solana-based Memocoin.

He also requested a detailed record of all Libra transactions since it began with the aim of restructuring the financial operations carried out between February 14th and 15th, when Memecoin was the most trade volume.

Taiano has requested a freeze on identified digital wallets to prevent diversification of funds and drafted an international request to access information from foreign cryptocurrency exchanges, the report added.

Data shared by Kobeissi’s letter shows that even though Milei removed his initial support, at least eight wallets identified as insiders linked to the Libra team were able to cash out as much as $107 million before the token crashed.

Investigators have already identified the recent $4.5 million move from a wallet connected to the scandal to a new address, and the funds used to buy the Mimecoin, known as Pope, are attempting to wash Clarin in an attempt to potentially wash the funds.

Prosecutors requested phone records and visitor logs from the presidential residence and office, creating a list of blockchain experts and people close to the presidential circle who may have relevant information.

Related: Argentine Crypto Adoption Wants to Dim After Mirei’s Libra Memo Coin Scandal

Libertarian Mairay faced an appeal for each after supporting Memocoin, which was allegedly created to fund small and medium-sized businesses and start-ups in Argentine.

Libra tokens rose briefly to a peak market capitalization of $4.5 billion on February 14, tanking more than 90% within 12 hours, sparking intra-sider ragpur and the resulting lawsuit and federal investigation charges.

Milei refuted the claim that he promoted Memecoin, saying in February he simply “spread the word.”

The scandal, known locally as the “library,” has undermined Mairay’s popularity and hampered efforts to strengthen political alliances ahead of this year’s Congressional midterm elections, Reuters reported in late February.

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