Libra’s $57 Million Drama: Frozen Funds & Argentina’s New Phone Bill Investigation!

And the saga continues! The Libra meme coin mess, shared by Argentina’s very own President Javier Milei, keeps on rolling. This week, Circle decided to play freeze tag and locked up over $57 million in two addresses, while the authorities are sniffing around the shady folks linked to the meme coin. You can’t make this stuff up!

Libra’s Wild Ride: Circle Freezes $57 Million, Argentina Wants Your Phone Bill! 📱💰

The Libra investigation—talk about a never-ending soap opera! This meme coin, which was given the celebrity treatment by Argentina’s President Javier Milei on social media, is now under the microscope internationally. It’s like a reality show, but with more lawyers and less drama.

On May 28th, Circle, the issuer of the USDC stablecoin, made a dramatic move and froze a whopping $57 million in two addresses tied to the meme coin. But wait—who’s calling the shots here? Burwick Law, a U.S. law firm, and Martin Romeo, who had a rather unpleasant run-in with Libra in Argentina, both claim they were behind this bold action. Somebody’s fibbing, but who?

Romeo bragged that he’d been in cahoots with Circle for two months, calling this a ‘huge win’ for Argentine justice. Meanwhile, in March, Argentine prosecutor Eduardo Taiano had his own ideas and asked for all the Libra-related funds to be frozen, because why not, right?

But hold your horses! The drama is just heating up in local courts. Taiano is now digging into communications about the Libra launch, contacting mobile carriers for those spicy details on the phone lines of none other than President Milei, his sister Karina Milei, and other key players involved in the coin’s creation. These phone records might just unlock the mystery of whether the whole thing was a planned PR stunt or if it was just a spontaneous act of meme madness. 💥📞

In a plot twist worthy of a telenovela, President Milei shut down a special task force investigating Libra, declaring it ‘mission accomplished.’ But does anyone really believe that? Spoiler alert: the token launch is thought to have impacted tens of thousands, yet Milei swears he did no wrong by mentioning it to his followers. But we all know how this goes…

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2025-06-01 19:29

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