Argentine Judge Freezes 25 Crypto Wallets in Investigation of LIBRA Memecoin

An Argentine federal judge has ordered the identification and freezing of 25 cryptocurrency wallets linked to the LIBRA memecoin. The accounts were routed through major exchanges including Binance, Bybit, OKX and Bitfinex, according to a court document reviewed by Clarín.

Judge Marcelo Martínez de Giorgi issued the order. The wallets must be identified and their funds frozen as part of an ongoing investigation. The exact nature of the probe was not detailed in the ruling, but the action targets wallets associated with the LIBRA token – a memecoin that has drawn regulatory attention in Argentina.

The order directs exchanges to cooperate with authorities. Binance, Bybit, OKX and Bitfinex are among the platforms named. Each exchange will need to identify wallet holders and freeze the corresponding assets. Non-compliance could carry legal consequences under Argentine law.

LIBRA is a memecoin named after阿根廷's historic currency. It has no official ties to the government. The token gained traction on decentralized exchanges earlier this year, but regulatory scrutiny has intensified as authorities probe potential market manipulation or fraud. This latest court order is the strongest indicator yet that Argentine regulators are moving against projects they deem problematic.

For traders holding LIBRA or related tokens, the freeze introduces immediate uncertainty. Wallets caught in the order will be inaccessible until the investigation resolves. The broader memecoin market may face pressure as investors assess the risk of similar actions elsewhere.

The court did not specify a timeline for the freeze or for subsequent hearings. Exchanges are expected to comply swiftly. Market participants should monitor official announcements from the named platforms and any further rulings from Judge Martínez de Giorgi’s court.