Argentine justice has halted the criminal investigation of President Javier Milei and his sister Karina Milei in connection with the controversial $LIBRA cryptocurrency. A federal judge ruled that the president's conduct did not meet the elements of any criminal offense. Deutschlandfunk ↗
Milei last year posted support on social media for the launch of the $LIBRA cryptocurrency. Following his post, investor interest in the digital asset increased and its value rose sharply. Subsequently, however, the cryptocurrency collapsed, leading to financial losses for investors and to the filing of complaints seeking an investigation into possible fraud. n-tv ↗
The president later deleted his post. The case also concerned his sister Karina Milei, who was linked to circumstances related to the cryptocurrency. The investigation against both was ultimately closed. BBC World ↗
The decision means that the criminal charges related to the collapse of $LIBRA have been dropped at this stage. However, the closure of the proceedings concludes this particular investigation without changing the fact that the sharp drop in the cryptocurrency's value caused losses for investors. The president publicly commented on the project before its collapse, and the subsequent deletion of the post became part of the investigated case. Le Monde ↗
Further developments will depend on whether the decision is challenged or whether new legal steps emerge. At present, however, the investigation of the Argentine president and his sister in this case is not continuing. Tagesspiegel ↗
Court halts investigation of Milei and his sister over the $LIBRA case
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (3)
Skandal um Kryptowährung - Verfahren gegen Argentiniens Präsidenten Milei eingestellt
Deutschlandfunk
| 03:52 24.10.
Justiz: Verfahren gegen Argentiniens Präsidenten Milei eingestellt
Tagesspiegel
| 02:58 24.10.
Argentina drops investigation into President Milei over crypto fraud
BBC World
| 22:59 23.10.
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