What do we know about crypto funds getting frozen?
The post What do we know about crypto funds getting frozen? appeared on BitcoinEthereumNews.com.
On Nov. 11, an Argentine court froze Libra tokens held by Hayden Davis—the central figure in a Libra scandal—and two suspected intermediaries, citing suspicions the assets were used to bribe public officials. The move follows Circle’s earlier freeze of USDC linked to the Libra team. In recent years, crypto issuers have occasionally frozen tokens linked to flagged addresses—typically in response to exchange hacks or scams aimed at stopping bad actors. Yet the fact that issuers can unilaterally lock holders’ funds runs counter to one of crypto’s core principles: “not your keys, not your coins.” The question now is whether this power represents a justified safeguard for public safety—or a ticking time bomb beneath the reserves of individuals and institutions alike. Summary Hayden Davis, a person behind the Libra token promoted by Argentine President Javier Milei, had his Libra tokens frozen through the Argentine court. Davis is still not convicted. Allegedly, he was involved in sniping schemes with YZY and Melania tokens. The former happened after the scandal with Milei. While governments and token issuers usually freeze the tokens of bad actors, the very existence of such a mechanism casts a shadow on cryptocurrency principles. The new report by Bybit analysts claims 16 blockchains already have freezing mechanisms, and 19 more will soon be able to add them too. Hayden Davis’ tokens were frozen Davis, a twenty-something crypto entrepreneur, proved persuasive enough to reportedly enlist Argentine President Javier Milei, U.S. First Lady Melania Trump, and even Kanye West in promotional efforts tied to his memecoins — Libra, Melania, and YZY. While Davis now faces legal troubles, none of his ventures have yet led to a conviction. For retail investors, however, his projects have already caused hundreds of millions in losses. Launched on February 14 and promoted by Milei, the Libra token…
Filed under: News - @ November 13, 2025 4:26 am