The investigation into the Libra token promoted by Argentina’s President Javier Milei has hit a significant roadblock. The probe, which aims to trace the flow of funds and analyze digital wallets involved in the token’s launch, has stalled because the prosecutors say they simply don’t have the right software to do the job.
Prosecutor Requests Technical Deep Dive
Eduardo Taiano, the public prosecutor handling the case, asked the Specialized Cybercrime Prosecutor’s Office (UFECI) for a deeper technical analysis. He wanted them to look at wallet movements happening between February 3 and February 13 of this year, which add up to over $4.78 million. It seems like a straightforward request for a specialized cybercrime unit.
However, UFECI’s response in April was telling. They told Taiano they couldn’t fulfill his request. The reason? A lack of required software licenses. The office is normally tasked with investigating the tech platforms used in crimes and preparing technical reports. But in this case, they were essentially empty-handed.
Demo Software Expired
It turns out UFECI had previously completed similar requests using a limited-time demo version of the needed software. But that demo period has now expired. So the office told Taiano it would do the work when it becomes possible, perhaps once the necessary licenses are acquired. That’s not a very satisfying answer for an investigation with potential presidential implications.
A group of deputies has now sent a letter to Eduardo Casal, Argentina’s Attorney General. They are requesting a swift assignment of funds so the investigation can continue. This points to a larger issue about resources for these types of probes.
Political Pressure Mounts
Maximiliano Ferraro, who was president of the former Libra Congressional Commission, did not mince words. He called it “unacceptable for the judicial investigation into the Libra case to be stalled because specialized units lack the necessary resources or technological tools to trace the flow of funds and analyze the virtual wallets involved.” He stressed the special relevance here given the possible involvement of the president himself.
Ferraro added that “the lack of means cannot become an excuse to paralyze a cause or an obstacle to knowing the truth and denying justice.” It’s a strong statement that puts pressure on the system to fix this gap.
Meanwhile, outside the courtroom, the Libra Trust (funded by Kelsier Ventures CEO Hayden Davis using proceeds from Libra sales) is moving forward. It plans to deliver grants to Argentine companies before November. This adds another layer to a story that is now about both the technical limitations of law enforcement and the underlying financial activity of the token itself.
