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LIBRA: Judge Unseals Bank Records as Milei Skips Civil Hearing
- Argentina's President Javier Milei publicly promoted the LIBRA cryptocurrency in February 2025, causing a rapid price surge and collapse with widespread investor losses.
- The incident prompted authorities to investigate suspected illegal financial activities, such as manipulating the market and laundering money, with links to Milei, his sister Karina, and their associates.
- Federal Judge María Servini ordered a 90-day asset freeze on key figures and requested financial records from the Central Bank to examine suspicious asset changes dating from 2023.
- LIBRA’s market capitalization exceeded $4.5 billion after Milei's endorsement but then dropped over 85%, prompting opposition calls for a congressional commission amid fraud and abuse allegations.
- The scandal exposed weaknesses in Argentina's crypto regulations during economic instability and intensified scrutiny of political influence on digital assets, with investigations ongoing.
74 Articles
74 Articles
The Strange Explanation for $LIBRA. Two Defendants Told Justice that Hayden Will Donate $50 Million for His Admiration of Milei
Mauricio Novelli and Manuel Terrones Godoy, two businessmen accused in the $LIBRA scandal and who had relations with President Javier Milei, told the Justice that the business around the crypto was intended to “gift” 50% of the profits to small and medium enterprises. And they rated their participation as part of an “altruistic project.” Novelli and Terrones Godoy defined themselves as advisers to the American Hayden Davis, creator of the busine…
Argentine Judge Requests Banking Information on Milei Over $LIBRA Cryptocurrency Scandal - teleSUR English
The far-right politician is being investigated for alleged fraud, bribery, and abuse of authority. On Thursday, Federal Judge Maria Servini requested banking information on President Javier Milei and Presidential Secretary Karina Milei as part of the ongoing judicial investigation into the $LIBRA cryptocurrency case. RELATED: Argentine President Summoned to Pretrial Mediation for $LIBRA Crypto Scam More specifically, the judge issued a formal re…
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