Argentine judge freezes assets related to LIBRA coin supported by President Milley

2025-11-11 07:14:59

Deep潮 TechFlow News, November 11th, according to Cryptopolitan, Argentine federal judge Marcelo Giorgi has frozen assets related to the LIBRA coin scandal supported by President Milei. The judge issued a “prohibition of innovation” order against Hayden Davis and two cryptocurrency operators regarding their properties and financial assets.

Investigations revealed that Davis transferred $507,500 via Bitget just 42 minutes after President Milei posted a selfie tweet. The case involves alleged fraud resulting in investor losses of approximately $100 million to $120 million. The frozen assets also include Argentine Orlando Mellino and Colombian Favio Rodriguez, who are suspected of participating in cryptocurrency-to-fiat currency exchange operations.

Court documents show that Davis once sent a text message boasting about his influence, claiming, “I transferred money to his sister, and he signed what I told him and did as I asked.” The case is accused of being a coordinated pump-and-dump scheme combining deceptive promotion and secret market manipulation.

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