Argentinian judge drops fraud investigation into Milei over crypto scandal

President Javier Milei’s role in cryptocurrency launch does not translate into a fraudulent scheme, judge says.Published On 24 Oct 202624 Oct 2026An Argentinian federal judge has dropped a criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of a cryptocurrency he promoted online.Judge Marcelo Martinez de Giorgi issued the decision on Friday, according to court records, ending an inquiry into Milei’s role in the launch of the $Libra token, which crashed after a brief rally.Recommended Stories list of 3 itemslist 1 of 3Argentina’s Milei threatens legal action over Falklands oil projectlist 2 of 3Will Brazil’s Lula halt the right-wing wave sweeping Latin America?list 3 of 3Argentine students protest on campus over Milei’s austerityend of list“The reported events do not constitute a criminal offence,” the judge said in a ruling. He also wrote that investor losses and the rise and fall in the currency’s price were insufficient to establish fraud.In his ruling, Martinez de Giorgi said that Milei’s institutional standing could have given the launch “greater impact” when he posted about it, but that does not translate into a fraudulent scheme.Ja...