- An Argentinian judge has frozen assets linked to Hayden Davis and two cryptocurrency intermediaries connected to the LIBRA token.
- The freezing order covers property and financial assets to prevent disposal during ongoing investigations.
- The intermediaries, Favio Camilo Rodríguez Blanco and Orlando Rodolfo Mellino, helped convert cryptocurrency to cash and obscure transaction trails.
- Investigations expose connections between Davis, Novelli, and others, alongside discussions involving President Javier Milei.
- A final report due November 18 may reveal conduct that leads to impeachment proceedings against Milei.
An Argentinian judge has ordered the freezing of property and financial assets owned by Hayden Davis and two other cryptocurrency intermediaries linked to the LIBRA token. This decision aims to safeguard these assets in connection with a legal case involving LIBRA investors.
The order follows a report from the Secretariat for Financial Investigation and Recovery of Illicit Assets (SIFRAI) and the General Directorate for Asset Recovery and Confiscation of Goods. Authorities estimate that approximately $100 million was obtained from LIBRA investors. Judge Marcelo Martínez de Giorgi expressed concern the assets might be sold or moved before the investigation concludes, prompting him to issue an indefinite freeze that applies to all Argentinian crypto platforms.
The two intermediaries, Favio Camilo Rodríguez Blanco and Orlando Rodolfo Mellino, reportedly control cryptocurrency wallets used to convert LIBRA tokens into fiat currency while obscuring the transactions. The report details Mellino acting as a link between Davis and others, including an instance when Davis met with Argentina’s president, Javier Milei, before sending $500,000 to crypto exchange Bitget. Blanco is tied to transactions that occurred near large cash withdrawals from bank deposit boxes handled by the family of Mauricio Novelli shortly after LIBRA’s value dropped.
A Blockworks analyst, Fernando Molina, noted that Bitget submitted key transaction data connecting Davis with Novelli and Manuel Terrones Godoy, individuals associated with LIBRA’s launch. Social media posts from plaintiff Martin Romeo illustrate wallet movements involving these parties.
Additionally, the report indicates that Novelli and Milei discussed ways to monetize the president’s image for millions in the months leading up to LIBRA’s debut. This plan would involve Milei as a personal asset purportedly designed to avoid ethical violations.
According to Pagina 12, an investigative committee will release a final LIBRA report on November 18. The findings may show a shared modus operandi between Milei, Novelli, and Godoy and could provide grounds for impeachment proceedings against the president.
For more background, see this detailed report.
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