Milei Siblings Miss LIBRA Crypto Scam Hearing
Argentine President Javier Milei and his sister Karina Milei failed to appear for a virtual hearing on the troubled $4.5 million LIBRA cryptocurrency scam. To everyone’s surprise, no lawyer representation appeared on their behalf during the mediation proceeding, which is an important step before official civil action.
There was only one entity of attorney with defendant and influencer Manuel Terrones Godoy, whose alleged involvement in the collapse of the digital currency has him among a number of people currently under judicial investigation.
Federal Judge Extends Deadline for Milei Financing Investigation
Federal Judge María Servini escalated the investigation further with an order for Argentina’s Central Bank to submit economic documents dealing with Javier and Karina Milei, from 2023 onwards. The order forms part of efforts to trace the money trail in the LIBRA coin scandal.
The now-defunct LIBRA token, briefly popularized after being endorsed by President Milei on February 14, crashed just days later, leaving dozens of investors with significant losses.
Asset Freezes and Surveillance Footage Add Pressure
In addition to the Mileis, Servini has frozen the assets of several individuals linked to LIBRA’s creation and promotion. Targets include:
- Mauricio Novelli, Tech Forum Argentina founder, believed to have connected the Mileis with U.S. developer Hayden Davis
- Sergio Morales, former advisor to the National Securities Commission
- Manuel Terrones Godoy, promoter of social networks
His sister and his mother are also implicated. Security cameras in one of Galicia bank branches captured the two women arriving with empty bags and leaving full the day following the president’s LIBRA endorsement—a fact the Federal Police in Argentina highlighted.
LIBRA Promotion, Collapse, and Denial
President Milei promoted the launch of LIBRA via social media on February 14. The token spiked for a moment before crashing in a matter of days. Under fire, Milei kept his distance from the project, claiming he was unaware of its inner workings.
Court records now charge as many as 25 individuals with financial damage—both within Argentina and abroad—with reported losses pegged at $4.5 million.
As the legal drama unfolds, the president’s inner circle finds itself under mounting pressure to answer for their role in the scandal that’s shaking Argentina’s financial and political elite.
