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Judge Freezes Assets of $LIBRA Creator Hayden Davis and Two Operators in Expanding Probe

The freeze follows a prosecutor’s finding that traced transfers through crypto cuevas may have served as indirect payments to public officials.

Overview

  • Federal Judge Federico De Giorgio ordered the freezing of bank accounts, financial assets, and movable property belonging to Hayden Davis along with Favio Camilo Rodríguez Blanco and Orlando Rodolfo Mellino.
  • Prosecutor Eduardo Taiano formally tied specific wallets used by a crypto cueva to Rodríguez Blanco and Mellino and wrote that certain transactions could constitute indirect payments to public officials.
  • Tracing shows multi‑million‑dollar movements by Davis from January 30 to mid‑February, including transfers of US$499,000, US$507,500, US$1,991,999 and US$1,275,000 to Bitget-linked addresses, with dates coinciding with a Casa Rosada meeting and the public posting of the $LIBRA contract.
  • Taiano’s resolution describes Rodríguez Blanco as having privileged information and financing to trade around the token’s disclosure, while Mellino, a 75‑year‑old retiree, is linked to operations exceeding US$5 million.
  • The court requested reports from the UIF and CNV as the case advances toward possible charges for money laundering, illicit association and financial fraud, and the congressional commission plans to present its final report on November 18.