TechFlow, on November 11, according to Cryptopolitan, Argentine federal judge Marcelo Giorgi has frozen assets related to the LIBRA coin scandal backed by President Milei. The judge issued a "no innovation" order on the properties and financial assets of Kelsier Ventures CEO Hayden Davis, a cryptocurrency market maker, and two other crypto operators.
Prosecutors found that Davis transferred $507,500 via Bitget just 42 minutes after President Milei posted a selfie tweet with him. The case is suspected of defrauding investors, causing losses of approximately $100 million to $120 million. Also included in the asset freeze are Argentinian Orlando Mellino and Colombian Favio Rodriguez, both suspected of involvement in cryptocurrency-to-fiat conversion operations.
According to prosecution documents, Davis once sent text messages boasting about his influence, claiming, "I sent money to his sister, and then he signed whatever I said and did exactly as I asked." The case is charged as a coordinated pump-and-dump scheme combining deceptive promotion with covert market manipulation.
