Argentina Freezes Hayden Davis’ Assets as LIBRA Probe Closes In on Milei’s Inner Circle
An Argentine choose not too long ago ordered the freezing of economic property belonging to Kelsier Ventures CEO Hayden Mark Davis. He has change into inextricably related to the LIBRA token launch, a venture publicly endorsed by President Javier Milei.
The precautionary measure is indefinite. It additionally applies to 2 males recognized as homeowners of wallets that acquired funds from Davis throughout key durations of the LIBRA timeline.
Prosecutors Link Davis to LIBRA Money Trail
Marcelo Martínez de Giorgi, the federal choose overseeing the LIBRA case, ordered on Thursday the freezing of all property and monetary property belonging to a few key figures in the token’s launch.
He additionally directed the National Securities Commission to alert digital asset service suppliers and lengthen the freeze to these working in Argentina, in response to the order reviewed by BeInCrypto.
The measure targets Davis, the American entrepreneur who met with Milei a number of instances on the Casa Rosada, the presidential workplace, across the time of the launch.
It additionally applies to Colombian nationwide Favio Camilo Rodríguez Blanco and 75-year-old Argentine Orlando Rodolfo Mellino. Both have been not too long ago recognized as the owners of virtual wallets concerned in transactions now beneath judicial investigation.
The precautionary measure was issued on the request of federal prosecutor Eduardo Taiano. It was additionally backed by a technical report from Argentina’s monetary investigation and asset restoration businesses.
The report beneficial motion in opposition to Davis, Rodríguez Blanco, and Mellino to safe property potentially linked to the fraud. According to prosecutors, the 2 allegedly facilitated multimillion-dollar transfers between Davis and the 2 Argentine lobbyists carefully associated to the LIBRA case, Mauricio Novelli and Manuel Terrones Godoy.
Martínez de Giorgi cited robust proof and the chance that the defendants would possibly disguise or switch the digital property.
Intermediaries Used to Mask LIBRA Cash Flows
The discovering got here after Congress’s LIBRA Commission requested further data from centralized exchanges.
Complainants have been then in a position to determine a cryptocurrency pockets that immediately linked Davis to Novelli and Terrones Godoy. They additionally discovered one other Bitget account reportedly used to transform digital property into money.
According to the prosecutor’s workplace’s newest findings, Rodríguez Blanco has been recognized as the proprietor of this Bitget account.
Investigators discovered that Rodríguez Blanco served as an middleman in a number of main transactions linked to suspicious money transfers. These actions additionally aligned with essential factors within the LIBRA timeline. One such occasion occurred on February 17, when safety cameras captured Novelli’s sister and mom withdrawing baggage from a Banco Galicia department simply days after the LIBRA collapse.
Investigators additionally decided that Mellino served as a direct go-between for Davis and different figures beneath scrutiny.
Notably, prosecutors traced a $507,500 switch made via the Bitget platform on January 30. The switch passed off lower than an hour after Milei posted a selfie with Davis from the Casa Rosada, following an official assembly.
According to the Prosecutor’s Office, the transfers might signify indirect payments to government officials. Investigators consider the intermediaries transformed cryptocurrency into money to obscure the cash path and conceal the identities of its last recipients.
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