Overview
- Federal Judge Marcelo Martínez de Giorgi ordered an indefinite precautionary freeze on properties, bank accounts, and crypto wallets tied to Hayden Davis, Orlando Rodolfo Mellino, and Favio Camilo Rodríguez.
- Authorities acted on a technical report from financial investigation units, with prosecutor Eduardo Taino citing suspicious flows and possible money laundering through crypto-to-fiat operators.
- Investigators flagged a $507,500 Bitget transaction by Davis made 42 minutes after President Javier Milei posted a selfie with him, and they are exploring whether transfers could constitute indirect payments to public officials, with no evidence funds reached Milei.
- Regulators including Argentina’s CNV were engaged to extend the order across exchanges and the banking system as analysts trace funds moving from LIBRA liquidity pools through consolidation addresses and multiple platforms.
- The case follows LIBRA’s rapid pump-and-crash that erased roughly $250 million for tens of thousands of investors, with U.S. suits estimating up to $120 million defrauded and earlier U.S. asset freezes of about $57–58 million later lifted in August.