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6h ago

$9 Million Drained From 'Milei' Multisig as $LIBRA Cash-Out Push Triggers Emergency Court Bid

Plaintiffs have asked a Manhattan judge for emergency preservation of evidence to stop suspected anonymization of tens of millions in $LIBRA-linked funds.

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Overview

  • On-chain analysts reported that 69,000 SOL, roughly $9 million, moved out of a multisig wallet labeled “Milei” after nine months of inactivity.
  • Transfers flowed through addresses tagged “oHtMM” and “2B7NY,” were split into smaller batches, converted to USDC, and bridged via deBridge to make tracing harder.
  • Burwick Law filed an emergency motion in federal court in New York seeking to preserve digital evidence and maintain traceability of assets tied to the case.
  • The filing details earlier large conversions, including $44.6 million from “Exit Wallet 1” and $17 million from the $LIBRA “Deployer,” and cites a Nov. 16 test that routed funds via NEAR Intents to a ZCash address.
  • Attorneys for Hayden Davis and Benjamin Chow rejected the request as a rehash of previously denied freeze bids, while an Argentine congressional report faulted President Javier Milei’s promotion of $LIBRA.