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last mo.

U.S. Judge Lifts $LIBRA Freeze, Allowing Hayden Davis to Move Funds to Argentina

Investor recovery remains uncertain given the tokens’ illiquidity.

Hayden Davis podrá girar tokens de $LIBRA.
La Cámara de Diputados tendrá una sesión en la que se debatirán proyectos que pueden ser un hito en lo que va de presidencia de Javier Milei
Hayden Davis
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Overview

  • Judge Jennifer L. Rochon in New York lifted asset freezes on wallets tied to $LIBRA, undoing a May order that had locked down roughly $280 million.
  • The ruling lets Hayden Mark Davis move about $58 million in USDC and access a wallet holding 500 million $LIBRA tokens.
  • The court authorized monthly withdrawals of 20.8 million $LIBRA starting August 16 to a wallet associated with the Viva la Libertad project in Argentina.
  • Davis’s legal team hailed the decision as confirmation the case lacks merit, saying plaintiffs did not substantiate claims of wrongdoing or losses.
  • Reports note the tokens now trade near zero and lack liquidity, while Argentine prosecutors pursue a separate probe into complex crypto flows and possible indirect payments to officials.