Libra Case: More Assets Blocked in Argentina Linked to Hayden Davis

An Argentine federal judge has ordered the freezing of assets belonging to Hayden Davis, a co-founder of Libra, and two informal crypto‑exchange entrepreneurs who received funds from him. The two entrepreneurs received millions on key dates.

Federal Judge Blocks Assets Of Hayden Davis and Two More Crypto Entrepreneurs Linked To Libra

The Facts

The Argentine justice system continues to advance in the Libra case, the meme coin shared by President Javier Milei, whose price downfall affected thousands.

Marcelo Martinez, the federal judge overseeing the case, ordered freezing any assets and goods belonging to Hayden Davis, one of the co-founders of Libra, and two crypto entrepreneurs who allegedly operate parallel exchange houses in Argentina.

Favio Camilo Rodríguez Blanco and Orlando Rodolfo Mellino register inflows in their cryptocurrency accounts coming from Davis on key dates, including immediately after a meeting between David and President Milei on January 30. On that date, Milei also posted a selfie with Davis, stating that he was an artificial intelligence (AI) and blockchain adviser.

According to the local press, the judge stated these movements “could constitute potential indirect payments to public officials,” stressing that these entrepreneurs could have acted as “exit ramps to fiat money” to obfuscate the final receivers of these funds, who are still unidentified.

Maximiliano Ferraro, president of the Libra Probe Congressional Commission, celebrated this outcome, stating that this measure confirmed what the commission had been investigating so far.

On social media, he declared:

The traceability of $LIBRA money must continue to be investigated judicially. The investigation reaffirms the work and revelations of the LIBRA Commission, which, far from hindering, strengthen the process of seeking the truth.

Why It Is Relevant

The launch of Libra and its following downfall affected thousands of investors who trusted in the words of President Milei, who posted info related to the alleged meme coin using his social media account.

If the investigation manages to link these movements to someone in the Argentine government, including Milei and his sister Karina, it could result in a nationwide scandal, potentially affecting Milei’s credibility.

Looking Forward

For now, the investigations will continue, as the congressional commission is expected to issue its final report in the coming days, where Ferraro claims that “the truth about Libra and about those involved in its organization and execution will be revealed.”

FAQ

• What developments have occurred in the Libra case in Argentina?
  The Argentine justice system is advancing in the Libra case, with a judge ordering the freezing of assets belonging to co-founder Hayden Davis and two other crypto entrepreneurs.
• What connections are being investigated related to the Libra coin?
  The judge noted suspicious transactions linked to Favio Camilo Rodríguez Blanco and Orlando Rodolfo Mellino, who received funds from Davis shortly after a meeting with President Milei.
• What implications could this investigation have for President Milei?
  If links are found between Davis’s transactions and Milei or his associates, it may lead to a nationwide scandal, potentially damaging the President’s popularity.
• What is expected from the congressional commission regarding the Libra investigation?
  The commission is set to release its final report soon, with efforts ongoing to uncover the truth about Libra and its involved parties.