Argentine judge dismisses LIBRA criminal case against Milei, sister and token creator
Summary
An Argentine federal judge dismissed the criminal case against President Javier Milei, his sister Karina and nine others over Milei’s promotion of Solana memecoin LIBRA, which crashed after launch. The judge said the endorsement and collapse alone did not prove fraud, and found no evidence that officials received proceeds or that Karina Milei sold access. LIBRA lost more than 90% of its value, wiping out over $250 million in investor wealth; blockchain researchers said wallets linked to its creator withdrew about $99 million. The prosecutor is not expected to appeal, but investors removed as plaintiffs are challenging that decision, and could appeal the dismissal if reinstated.
