Argentine Judge Dismisses LIBRA Fraud Case Against Javier and Karina Milei

The case grew out of President Javier Milei's promotion of the LIBRA cryptocurrency in 2025. He shared its launch on X, then deleted his message. The token's price rose sharply before collapsing, according to Le Monde.

Milei denied acting fraudulently, BBC News reported. The investigation examined suspected fraud connected to the cryptocurrency, and also involved his sister, Karina Milei, the secretary general of the Presidency, according to Infobae.

On October 23, Argentine judge Marcelo Martínez de Giorgi dismissed the case against Javier and Karina Milei. La Nacion identified the judge in its subsequent account of how the proceedings reached their conclusion.

The central finding concerned whether promoting the token amounted to fraud. According to The Block, the 60-page ruling concluded that Milei's post did not, by itself, establish fraud or constitute "criminally relevant deception." Al Jazeera likewise reported that the judge found his role in the launch did not translate into a fraudulent scheme.

The dismissal extended beyond the Mileis, including Hayden Davis, according to The Defiant. Reports differed on the number of other people covered: that outlet and The Block described 10 others, while RT en Español reported nine.

Milei celebrated the decision on October 23, saying truth had prevailed over lies, according to El Cronista. In remarks at Fundación Faro, he also alleged an attempted coup against him, Infobae reported. That was Milei's accusation, not a finding attributed to the judge.

By October 24, his response had turned toward possible legal action against media coverage. La Nacion reported that he attacked the outlet and journalist Hugo Alconada Mon and said he did not rule out taking legal action.

The criminal investigation has been closed. In its October 25 account, La Nacion reported that no accuser remained in the case who could appeal the dismissal. Its reporting scrutinised the judicial process and connections with political power behind that outcome.

The dispute over coverage has continued separately. Perfil.com reported on October 25 that Milei announced legal action against the press. The supplied coverage does not identify a filed lawsuit, its defendants or the legal grounds.

The concrete issue now is whether Milei's statements about legal action become identifiable court filings. Perfil.com initially reported that he would evaluate action with his lawyers, before its later coverage described an announcement. The available reporting does not establish what proceedings, if any, have begun.