An Argentine judge’s order to freeze crypto wallets connected to the LIBRA memecoin scandal has exposed just how difficult it is to actually stop funds once they start moving on-chain. The case now hinges on whether major exchanges will cooperate — and whether the money is even still there to freeze.

Key takeaways

• Federal judge Marcelo Martínez de Giorgi ordered the identification and freezing of 25 cryptocurrency wallets linked to the LIBRA memecoin case.
• The wallets are held across Binance, Bybit, OKX, and Bitfinex, and the judge has requested KYC records, IP addresses, and transaction histories from all four platforms.
• On May 10, 498,539 USDT was moved through an interoperability protocol to a Tron wallet, then split across 17…