A website associated with Argentine President Javier Millei’s Viva La Libertad project, which allegedly provided a working example of the controversial LIBRA token, has been removed, but millions of dollars in funds from LIBRA-connected wallets continue to move.
The Viva La Libertad project site allowed Argentine small and medium-sized enterprises to apply for funding that would be raised through profits from LIBRA tokens.
Mirei publicly endorsed the token on February 18th, and since then its market capitalization has plummeted by 99%. The project is currently mired in numerous lawsuits and corruption links, and investigators are working to determine exactly what happened and recover funds for victims.
Programmer Maximiliano Furtman points out that the Viva La Libertad site lasted nine months before disappearing, suggesting that either the person running the site intentionally shut it down. Or you can no longer pay for Weglot, the third-party service that keeps you online..
Screenshot of archived Viva La Libertad project website.
Read more: Hayden Davis sent millions of dollars in cryptocurrency weeks before LIBRA promotion
He ruled out the possibility that a temporary server error, such as an SSL issue, caused the website outage, or that the prepaid plan was exhausted.
Furtman also claims that the forms companies used to apply for funding are still online and that Hayden Davis, one of the individuals accused of coordinating LIBRA tokens, once knew the number of applicants.
According to Furtman, the fact is that no one has claimed to be the site’s administrator during the legal process.
LIBRA funds move as court issues freezing order
Earlier this week, cryptocurrency analysts reported that the Milei multisig wallet began transferring funds, including $9 million worth of SOL.
This crypto was converted into the stablecoin USDC and bridged to another blockchain. Blockworks analyst Fernando Molina said the funds are currently stored in the TRON wallet as USDT.
This happened days after multiple wallets associated with LIBRA began converting $61.5 million worth of USDC into SOL. Berwick Law, the cryptocurrency law firm leading the U.S. lawsuit on behalf of LIBRA victims, filed for a freezing order, suspecting these transactions were “a ‘preliminary’ step to anonymization.”
The order, which is still being debated by both defendants and plaintiffs, prohibits defendants from using anonymization-enhancing mechanisms to move cryptocurrencies.
A public hearing is scheduled for today. Need to determine the outcome of the proposed order.
Read more: Hayden Davis faces asset freeze as LIBRA investigation deepens in Argentina
Regarding the LIBRA investigation in Argentina, this month an Argentine parliamentary committee released its final report on the scandal, calling on Congress to assess whether Milay committed any wrongdoing within his office.
It also advocated criminal charges against various government officials who refused to cooperate with the investigation, including the country’s justice minister, its anti-corruption chief, and the former head of the Libra investigation unit that was disbanded by Mr. Milley in May.
Earlier this month, an Argentine judge ordered the freezing of property and financial assets belonging to Davis and two other crypto “intermediaries” linked to the LIBRA token.
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