Overview
- Blockchain analysts detected a withdrawal of about 69,000 SOL, roughly $9 million, from a long-dormant multisig labeled “Milei,” with funds routed through wallets “oHtMM” and “2B7NY” and then converted to stablecoins and bridged to other networks.
- Plaintiffs’ firm Burwick Law filed an emergency motion warning that up to $94.5 million could be anonymized, citing a November 16 proof-of-concept that sent SOL via NEAR Intents to a shielded ZCash address.
- Court filings also flagged earlier large conversions, including $44.6 million moved by “Exit Wallet 1” across 37 transactions and another $17 million converted by the “Deployer” wallet.
- Defense lawyers for Hayden Davis and Benjamin Chow called the freeze bid fallacious and repetitive, noting prior denials by Judge Jennifer Rochon after an earlier freeze of about $60 million was lifted for lack of new grounds.
- Argentina’s congressional commission concluded the president’s promotion of $LIBRA was a necessary enabler of the alleged scam and assigned political responsibility to Javier Milei and Karina Milei.