Overview

• Judge Jennifer Rochon will decide whether to grant plaintiffs’ request to question Hayden Mark Davis and Benjamin Chow ahead of an August 19 hearing
• Plaintiffs led by Omar Hurlock highlighted movements in accounts frozen in late May, including US$280 million in $LIBRA proceeds and US$58 million in USDC, to justify the pretrial interrogations
• Blockchain analysts such as Fernando Molina and platform Arkham traced multiple multimillion-dollar transfers from Davis-linked wallets to exchanges including Gate.io, Crypto.com, Bitget and Blofin
• The consolidated federal class action alleges Davis and associates deceptively promoted $LIBRA and defrauded roughly 75,000 investors, with President Javier Milei named as a key promoter but not under U.S. investigation
• Ongoing blockchain forensics and court-ordered asset freezes underscore the complexity of cross-border fraud litigation and efforts to recover decentralized finance proceeds