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● LIVE Updated 1h ago · 19 sources tracked

Argentinian judge drops fraud investigation into Milei over crypto scandal

An Argentine federal judge has dismissed a criminal fraud investigation into President Javier Milei, his sister Karina Milei, and a token creator over the collapse of the LIBRA cryptocurrency. The judicial ruling found that the president's role in the digital currency launch and subsequent nosedive fit no crime and did not constitute a fraudulent scheme. The case closure arrives despite investors suffering losses totaling $110 million after the meme coin crashed. President Milei previously denied acting fraudulently after removing a social media post related to the token.

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⚡ Key Developments & Real-Time Context
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  • ✓ An Argentine federal judge ended a criminal fraud investigation into President Javier Milei and his sister Karina Milei over the LIBRA cryptocurrency.
  • ✓ The court ruling determined that President Milei's role in the cryptocurrency launch did not translate into a fraudulent scheme and fit no crime.
  • ✓ The LIBRA meme coin collapse resulted in $110 million in investor losses.
  • ✓ Javier Milei previously denied acting fraudulently after deleting a social media post about the cryptocurrency when it nosedived.
🛡️ Source Corroboration: 19 independent reporting domains (100% confidence) ⏱ Read time: ~3 min

What changed

A federal judge formally dismissed the criminal fraud investigation clearing President Javier Milei and his sister of wrongdoing.

Live updates

  1. Argentine Judge Drops Fraud Case Against Javier Milei Over LIBRA Crypto

    An Argentine federal judge has dismissed a criminal fraud investigation into President Javier Milei, his sister Karina Milei, and a token creator over the collapse of the LIBRA cryptocurrency. The judicial ruling found that the president's role in the digital currency launch and subsequent nosedive fit no crime and did not constitute a fraudulent scheme. The case closure arrives despite investors suffering losses totaling $110 million after the meme coin crashed. President Milei previously denied acting fraudulently after removing a social media post related to the token.

    Why it matters

    The controversy erupted around the LIBRA meme coin launch and its rapid collapse, which triggered severe financial losses for market participants. President Javier Milei faced scrutiny over social media promotion of the digital asset before deleting his posts. Following the dismissal of the criminal case, the president targeted five journalists and accused the La Nacion Group of weaponizing the legal proceedings to pressure the administration over tax policies.

    What is confirmed

    • An Argentine federal judge ended a criminal fraud investigation into President Javier Milei and his sister Karina Milei over the LIBRA cryptocurrency.
    • The court ruling determined that President Milei's role in the cryptocurrency launch did not translate into a fraudulent scheme and fit no crime.
    • The LIBRA meme coin collapse resulted in $110 million in investor losses.
    • Javier Milei previously denied acting fraudulently after deleting a social media post about the cryptocurrency when it nosedived.
    • Following the criminal case dismissal, President Milei targeted five journalists and accused the La Nacion Group of using the case to pressure Argentina over taxes.

    What to watch next

    • Any potential appeals or legal challenges filed by investors against the dismissal of the LIBRA case
    • Further government actions or public statements regarding the journalists targeted by President Milei
    Sources used for this update (20)
    1. www.bbc.com — BBC Home - Breaking News, World News, US News, Sports, Business...
    2. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
    3. BBC — Argentina drops investigation into President Milei over crypto fraud
    4. Reuters — Argentine judge clears President Milei of wrongdoing in meme coin scandal
    5. Buenos Aires Times — Court clears Milei siblings in $LIBRA cryptocurrency case
    6. TradingView — Argentina drops probe into President Milei and sister over meme coin scandal
    7. Yahoo — Judge Shuts LIBRA Case Against Javier Milei, Ruling the Memecoin Facts Fit No Crime
    8. Al Jazeera — Argentinian judge drops fraud investigation into Milei over crypto scandal
    9. Pluang — Argentine court clears President Milei of fraud in Libra meme coin case despite $110M investor losses.
    10. bloomingbit — Argentine Court Closes Fraud Probe Into President Milei Over LIBRA Coin Collapse
    11. Pluang — Argentine judge dismisses LIBRA memecoin case a...
    12. CoinDesk — Argentine judge dismisses LIBRA criminal case against Milei, sister and token creator
    confidence 100%
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