MAROKO133 Eksklusif crypto: Argentina Freezes $507K in Libra Meme Coin Probe Tied to Presi

📌 MAROKO133 Eksklusif crypto: Argentina Freezes $507K in Libra Meme Coin Probe Tie

Argentina’s federal court has frozen over $507,000 in assets as part of an expanding investigation into the Libra (LIBRA) meme coin scandal that has drawn links to President Javier Milei.

The move marks the latest escalation in what authorities describe as one of the country’s largest crypto-related fraud cases, allegedly involving a multimillion-dollar pump-and-dump scheme.

Federal Judge Marcelo Martínez de Giorgi ordered the freezing of assets belonging to U.S. businessman Hayden Davis, the founder of the Libra project, and two crypto operators, Favio Camilo Rodríguez Blanco of Colombia and Orlando Rodolfo Mellino of Argentina.

The freeze, requested by federal prosecutor Eduardo Taiano, was issued to preserve assets that could represent the proceeds of a massive fraud against investors estimated between $100 million and $120 million.

What Really Happened Behind the $LIBRA Meme Coin Collapse?

According to documents reviewed by Argentina’s Secretariat for Financial Investigation, the defendants are accused of running a “financial den” in the crypto world.

The order imposes an indefinite prohibition of innovation, barring any movement or sale of the frozen assets until the investigation concludes.

The decision also compels Argentina’s National Securities Commission (CNV) to notify virtual asset service providers and extend the freeze across all crypto platforms nationwide.

Investigators allege that Rodríguez Blanco and Mellino acted as intermediaries in converting cryptocurrency into fiat for Davis and two Argentine lobbyists, Mauricio Novelli and Manuel Terrones Godoy, who have also been implicated.

Authorities traced multiple transactions, including one on February 17 when Novelli’s relatives removed bags from a Banco Galicia branch hours after LIBRA’s collapse.

A key transaction saw $507,500 sent from Davis through the Bitget exchange just 42 minutes after President Milei posted a selfie with him, promoting Davis as an advisor on blockchain and AI

Prosecutors believe the funds may constitute indirect payments to public officials, with intermediaries acting as “exit ramps” to obscure the money trail.

Despite LIBRA Scandal, Milei’s Party Secures Surprise Midterm Win in Argentina

Documents suggest that months before LIBRA’s launch, Novelli and President Milei discussed projects to “monetize the president’s image,” reportedly debated at the presidential residence.

While Milei’s lawyer at the time raised concerns about potential conflicts of interest, leaked text messages from Davis appeared to boast of his influence over the Milei family, including one in which he wrote, “I send $$ to his sister and he signs what I say.”

The LIBRA token, launched in mid-February, briefly surged to a $4.5 billion market capitalization after Milei’s post before crashing by over 94% within hours, wiping out investor funds in a classic pump-and-dump.

Data from Bubblemaps and Lookonchain linked at least eight insider wallets to cash-outs totaling $107 million, with some proceeds reportedly funneled into other meme coins like POPE.

Further Bubblemaps identified the same wallet, address 0xcEA, behind both LIBRA and the MELANIA token, which also experienced a rapid boom-and-bust earlier this year.

Investigators believe the pattern of cross-chain transfers between Arbitrum, Avalanche, and Solana networks points to a coordinated insider scheme.

In Argentina, the LIBRA collapse has had political repercussions. Although Argentina’s anti-corruption watchdog later cleared Milei of wrongdoing, claiming he only “spread the word” about the project, his public trust took a hit.

Polling by Zuban Córdoba showed his approval rating dropped from 47.3% in November to 41.6% in March, with more than 63% of Argentines now viewing him negatively.

However, Milei’s pro-crypto party, La Libertad Avanza, recently scored a surprise victory in the country’s midterm elections, scoring 40.68% of the national vote and winning key regions, including Buenos Aires province.

The post Argentina Freezes $507K in Libra Meme Coin Probe Tied to President Milei: Report appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Hot crypto: Why Is Crypto Down Today? – November 11, 2025 Edisi Jam 13

The crypto market is down today, with the cryptocurrency market capitalisation decreasing by 1%, now standing at $3.63 trillion. A large majority of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $199 billion.

Crypto Winners & Losers

At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.

Bitcoin (BTC) has dropped by 1% since this time yesterday, currently trading at $105,168.

Ethereum (ETH) is down by 1.3%, now changing hands at $3,558.

The highest drop in the category is 2.7% by Binance Coin (BNB), which trades at $977.

It’s followed by Dogecoin (DOGE)’s 2% to the price of $0.1771.

When it comes to the top 100 coins, six saw double-digit drops. Two of these are in the 20% zone. Canton (CC) fell 27.1% to $0.1111, while Zcash (ZEC) is down 26.6% to $489.

At the same time, Uniswap (UNI) is the only coin to record a double-digit rise, with an increase of 24.8%, now standing at $8.43.

Despite today’s minor drop, there is room for investor confidence. Market optimism has been rising around Nasdaq and Cboe’s entry into regulated crypto trading.

Also, the US Senate has passed a bill late Monday to reopen the government after the longest shutdown on record. Given that the shutdown tightened liquidity and increased volatility, the reopening is expected to be positive for crypto.

Large Sums of Idle Capital May Be Coming Back

Bitunix analysts commented that, although the US government reopening bill awaits final approval, “expectations of renewed liquidity have immediately lifted market sentiment.” Large sums of idle capital could soon return to circulation and reinvigorate risk assets, the comment says.

They write that “the turning point in the government shutdown offers a rare “liquidity window.” If the crypto market can seize this moment, a phase of sectoral rotation may follow. Nonetheless, non-major tokens and leveraged positions still face the challenge of cautious capital reallocation.”

The “implications are significant” for the crypto market:

• the return of liquidity is likely to strengthen capital absorption for regulated majors such as BTC and ETH;
• if regulatory agencies resume normal operations, the approval process for crypto ETFs and similar instruments could accelerate – this could create new entry opportunities for institutional capital.

That said, should there be a delay in approval or intensified regulatory review after the reopening, the renewed optimism could be dampened.

Meanwhile, Kraken’s Global Economist, Thomas Perfumo, noted that in a matter of days, Bitcoin’s circulating supply will cross 19.95 million coins, or 95% of its max supply.

“In the short term, Bitcoin’s market price fluctuates with macro conditions that drive global markets, business cycles, liquidity trends, and investor sentiment,” Perfumo says. “Over the long term, we believe Bitcoin’s hard money design, coupled with permissionless access and growing adoption, drive value accrual to the network.”

Levels & Events to Watch Next

At the time of writing on Tuesday morning, BTC trades at $105,168. The trading was quite choppy over the past day, ranging between $104,768 and $107,357.

BTC is currently 16.6% away from its all-time high of $126,080.

Should the price move above $108,200 and hold that level, it could continue toward $111,000 and $113,000. A drop below $105,300 could lead to $104,000, followed by a move towards $100,000.

Ethereum is currently changing hands at $3,558. Over the past day, it has moved in a relatively tight range between the intraday low of $3,512 and the intraday high of $3,640.

The coin is now up 1.2% in a week and down 7.5% in a month.

Ethereum’s chart is overall bullish. If it breaks above $3,800, it could aim for the $4,200–$5,000 range. Conversely, dropping below $3,400 could lead further to $3,150.

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Konten dipersingkat otomatis.

🔗 Sumber: cryptonews.com