US EditionJavier Milei-Adjacent Meme Coin No Longer Being Investigated: What Happened?
- On May 20, 2025, President Javier Milei of Argentina officially disbanded the Investigative Task Unit , which had been established three months earlier to probe his involvement in the LIBRA memecoin controversy.
- The unit was established after Milei promoted LIBRA in February, causing its market capitalization to surge and then crash, sparking allegations of fraud and political controversy.
- The UTI, headed by Maria Florencia Zicavo and backed by institutions like the central bank and anti-corruption office, concluded its investigation and handed over its results to the public prosecutor before being disbanded.
- LIBRA’s market cap briefly reached $4.5 billion before plummeting over 80% hours later, and co-creator Hayden Davies claimed influence over Milei and alleged payments to Milei’s sister, Karina, fueling investigations.
- Milei described the scrutiny as politically motivated attacks on his administration, while judicial bodies in Argentina, the US, and Spain continue probing potential cryptocurrency fraud connected to him and Karina Milei.
42 Articles
42 Articles
Milei Closes the Special Unit He Had Created to Investigate the ‘$Libra Case’
With a simple decree, Javier Milei eliminated the special unit created three months ago to investigate the alleged fraud with the cryptocurrency $Libra, which had him himself as the main promoter and caused millions of losses to investors from all over the world. Although no report or result of the alleged work was disseminated, the government fulfilled the purpose of the unit dependent on the Executive itself. The different sectors of the oppos…
Milei Eliminates by Decree the Unit Investigating His Government over the Cryptocurrencies Scandal
Without prior announcement and without further explanation, the government of the Argentine president, Javier Milei , has decided to dissolve by decree the unit that had the purpose to evaluate the responsibility of several members of the cabinet in the scandal of the cryptocurrency $LIBRA. The cryptocurrency had been spread three months ago by the same head of state through its social networks and ended in fraud. The commission closed this Tues…
Milei Dissolves Investigative Unit Probing $Libra Cryptocurrency Scandal - teleSUR English
The unit’s mandate was to determine whether there were irregularities in the promotion of the cryptocurrency. On Tuesday, Argentine President Javier Milei dissolved the Investigative Task Force Unit (UTI), which had been created in February to investigate irregularities surrounding $Libra, a cryptocurrency whose promotion by the far-right politician caused losses for thousands of investors worldwide. RELATED: Argentine Judge Requests Banking Inf…
Milei Shuts Down Argentina Unit Investigating Crypto Scandal
The Argentine government dismantled the Investigative Task Force (UTI), a body created just three months ago to investigate the Libra cryptocurrency scandal and the roles of President Javier Milei and his sister Karina, according to a decree published in the official gazette.
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