Argentine Prosecutor Seeks to Freeze $100M in Crypto Linked to LIBRA Scandal

In Brief

Argentine prosecutor Eduardo Taiano has requested a freeze on $100M in crypto linked to LIBRA’s collapse, alleging fraud.

President Javier Milei promoted the Solana-based token before its crash, leading to accusations of a pump-and-dump scheme.

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A major political and financial scandal is unfolding in Argentina, as prosecutors seek to freeze $100M in crypto tied to the LIBRA token collapse. The investigation, led by Eduardo Taiano, is focused on Argentine President Javier Milei’s involvement, after he promoted LIBRA on social media, calling it an investment opportunity for Argentina.

LIBRA skyrocketed to a $4.5 billion market cap before crashing, wiping out investor funds. Soon after, Milei deleted his promotional tweet, and accusations surfaced that the project was a pump-and-dump scheme. Before the collapse, a small group of wallets offloaded massive amounts of LIBRA, with crypto entrepreneur Hayden Davis admitting he ended up with $100M from the project.

Authorities are now requesting cooperation from international exchanges and regulators to freeze the funds and recover transaction records. This isn’t the first crypto controversy for Milei—before becoming president, he was sued for promoting CoinX, another alleged scam promising huge returns.

The case is drawing global attention, as meme coins and political tokens continue to rise and fall, with similar speculation surrounding U.S. President Donald Trump’s TRUMP and MELANIA tokens.

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