Federal judge Marcelo Martinez de Giorgi has dropped the criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of the $Libra token, which Milei promoted on X in February 2025. The judge ruled that the reported events “do not constitute a criminal offence” and that investor losses and price swings were insufficient to establish fraud. A probe into US businessman Hayden Davis, who described himself as a “launch adviser” for the token, was also dismissed; Davis acknowledged holding close to 100 million U.S. dollars after the crash but denies any wrongdoing. Milei said he had acted “in good faith” and accused political rivals of trying to exploit the situation.
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Original headline: Argentinian judge drops fraud investigation into Milei over crypto scandal - Grenada Chronicle – Daily Grenada And Caribbean News
Read the original on grenadachronicle.com ↗
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cryptofraudJavier MileiArgentina
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BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/23/2026 | 81,189.43 |
| Change that session | -0.28% |
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An Argentinian federal judge has dropped the criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of the $Libra token, which Milei promoted on X in February 2025. The judge ruled that the reported events do not constitute a criminal offence, saying investor losses and price swings were not enough to establish fraud, although Milei's institutional standing could have given the launch greater impact. The case against US businessman Hayden Davis, who described himself as a launch adviser and acknowledged holding close to $100m after the crash, was also dismissed. The presidential office hailed the ruling as proof of Milei's innocence. Milei says he acted in good faith and points to his austerity measures, which have cut subsidies, laid off thousands of state employees and brought inflation down to about 2 percent a month.
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