Milei Cleared in LIBRA Criminal Case as Appeal Route Narrows
By Abdelaziz Fathi
AI summary of the source article
An Argentine federal judge has cleared President Javier Milei and 10 others in a criminal investigation into the LIBRA token collapse. The court ruled that evidence was insufficient to establish fraud or criminal liability.
Why it matters
The text states: "The ruling separates suspicious timing or concentrated insider profits from proof of fraud: large losses and rapid cash-outs are not enough without evidence connecting defendants to criminal deception."
Key facts
- Judge Marcelo Martínez de Giorgi dismissed the criminal case against President Javier Milei and 10 others on October 23.
- The inquiry focused on Milei's February 14, 2025, post promoting LIBRA before the token lost over 90% of its value.
- On-chain analysis revealed project-associated wallets withdrew approximately $100 million during the token's collapse.
Source excerpt · FinanceFeeds
An Argentine federal judge has cleared President Javier Milei, his sister Karina Milei and nine other people in the criminal investigation into the LIBRA token, finding that the evidence did not establish fraud or another criminal offense. Federal Judge Marcelo Martínez de Giorgi issued the 60-page ruling on October 23 after prosecutor Eduardo Taiano requested that the case be dismissed. The decis…