Libra Case Watch: Mysterious Transaction Involving Centralized Exchange Might Advance Probe
A new development in the case of the La Libertad Avanza token, also known as Libra, might advance the ongoing probe to find new elements and examine the participation of the entrepreneurs linked to its disastrous launch. According to local media, a transaction made by a wallet address connected to Hayden Davis, one of the promoters of the Libra token and CEO of Kelsier Ventures, was made to Kraken, which keeps Know-Your-Customer (KYC) data of its users.
Coincidentally, the transaction that moved nearly $500,000 was completed during a meeting between Davis, Mauricio Novelli, another entrepreneur involved with Libra’s launch, and President Javier Milei, as verified by presidential meeting records.
Records also indicate that the purpose of the meeting, celebrated at the presidential palace on January 30, was to “analyze blockchain and decentralized technologies.”
The amount of the disbursement and its timing raised concerns among local investigators, who had already found other similar transactions made hours after the encounter. Argentine prosecutors might request that Kraken share the owner of the receiving wallet and examine its possible links with Libra.
Nonetheless, even before this new transaction had been known, several national organizations had introduced amicus curiae briefs calling for the direct interrogation of President Milei on the subject.
While Milei had previously argued that he acted as an individual and not as the President of Argentina when sharing information about Libra on social media, a recent decision has ruled against this notion, potentially making Milei politically liable for these actions.
While there is no resolution is in sight, investigations are advancing in the U.S. and in Argentina, where tens of thousands were reportedly affected.
