The lead prosecutor investigating Argentine President Javier Milei’s alleged involvement within the LIBRA cryptocurrency scandal has requested the freezing of as a lot as $110 million in property.
Argentine Federal Prosecutor Eduardo Taiano has additionally requested the restoration of deleted social media posts, together with these made by Milei selling the Solana-based memecoin, according to native media outlet Clarín.
He additionally requested detailed information of all LIBRA transactions because it launched with the purpose of reconstructing monetary operations carried out round Feb. 14 to fifteen, when the memecoin’s commerce quantity was highest.
Taiano has requested the freezing of recognized digital wallets to stop fund dispersal and drafted worldwide requests to entry info from international cryptocurrency exchanges, the report added.
Regardless of Milei deleting his preliminary endorsement, at the very least eight wallets recognized as insiders linked to the Libra workforce managed to cash out as a lot as $107 million earlier than the token crashed, based on knowledge shared by the Kobeissi Letter.
Deleted Libra tweet. Supply: Kobeissi Letter
Investigators have already recognized a current motion of $4.5 million from a pockets linked to the scandal to a brand new tackle, with some funds used to buy a memecoin referred to as POPE, doubtlessly as an try to launder the funds speculated Clarín.
The prosecutor has requested telephone information and customer logs from the presidential residence and workplace whereas creating a listing of blockchain specialists and folks near the presidential circle who might need related info.
Associated: Argentina’s crypto adoption hopes dim after Milei’s LIBRA memecoin scandal
Libertarian Milei faced calls for impeachment after endorsing the memecoin that was allegedly created to assist fund Argentine small companies and startups.
The Libra token briefly rose to a peak market capitalization of $4.5 billion on Feb. 14 earlier than tanking over 90% in lower than 12 hours, sparking accusations of an insider rug pull and the resultant lawsuits and federal investigation.
LIBRA worth has collapsed to $0.10. Supply: CoinMarketCap
Milei refuted claims that he promoted the memecoin, stating in February that he merely “unfold the phrase.”
The scandal, dubbed regionally as “Libragate,” has dented Milei’s reputation and hindered his efforts to strengthen political alliances forward of congressional midterm elections this 12 months, reported Reuters in late February.
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