Argentine judge clears President Milei of wrongdoing in meme coin scandal
The judge said the token’s rise and collapse did not prove fraud and closed the case against 11 defendants, including Karina Milei.
- On Friday, federal judge Marcelo Martinez de Giorgi dismissed a criminal investigation into Argentine President Javier Milei and Karina Milei regarding a meme coin scandal involving LIBRA.
- Accusations surfaced after Milei recommended the LIBRA coin on Twitter in February 2025, triggering a brief rally before the price plummeted, causing significant losses for investors.
- During a Todo Noticias interview, Milei insisted he acted "in good faith" and that "I didn't promote it, I merely shared it," maintaining investors participated "voluntarily."
- Dismissing the case at the request of prosecutor Eduardo Taiano, Martinez de Giorgi concluded "the reported events do not fall under a legal category" and no "criminally relevant deception" occurred.
- While Congress had planned impeachment proceedings citing a potential "rug pull," the Anti-Corruption Office investigated the matter, though Milei has yet to comment on the decision.
153 Articles
153 Articles
Argentina’s President Javier Milei attacked journalists and media for the investigation of the $LIBRA case, accusing a “political and media operation” with “coup ends.” Not only that, but the president launched threats against journalism and argued that The event happened on Friday night, when Milei participated in the ... Continue reading “Milei lashes at Argentine journalists for $LIBRA case: “they have to burn at the stake”
It's not our fault. Miley's family was acquitted in the cryptoscam case Hand washes hand: the President of Argentina got away with it again
It's not our faultMiley's family was acquitted in the cryptoscam caseHand washes hand: the President of Argentina got away with it again. In Argentina, the court closed the case on the launch of the $LIBRA cryptocurrency. Federal Judge Marcelo...
In Argentina, the judiciary has closed a case against President Milei for allegations of fraud related to a cryptocurrency.
The judge concludes that there was no scam at the launch of the cryptoactive, whose value was triggered after being promoted by the president before collapsing hours later.
The Argentine Justice rejected the legal proceedings against President Javier Milei and his sister Karina for the case of the cryptocurrency $Libra, which was launched in 2025. The Prosecutor's Office accused the Milei of being responsible for an alleged scam for the promotion of the active crypto.
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