Argentine Judge Dismisses Milei LIBRA Case After $4.56 Billion Token Collapse
Updated
Updated · Yahoo! Voices · Oct 24
Argentine Judge Dismisses Milei LIBRA Case After $4.56 Billion Token Collapse
3 articles · Updated · Yahoo! Voices · Oct 24
Summary
A 60-page ruling dismissed the LIBRA criminal case against President Javier Milei, Karina Milei and nine others, backing prosecutors' view that the facts fit no crime.
Judge Marcelo Martínez de Giorgi said Milei's endorsement may have boosted trust in the token, but the record showed no criminal deception, no official act and no use of public resources.
Karina Milei was also cleared because evidence did not show any illicit payment or that she brokered paid access to the president, while none of the 11 defendants was ever formally questioned as a suspect.
The decision is not yet final: the file will be archived only after appeals are exhausted, and Unchained could not confirm whether any challenge will follow.
LIBRA peaked at a $4.56 billion market cap after Milei's Feb. 14, 2025 X post, then lost more than 94% within 11 hours; Circle later froze $57 million in USDC tied to the scandal.