Federal judge Marcelo Martínez de Giorgi dismissed the case against Javier Milei, his sister Karina and nine other people in the $LIBRA affair, ruling that the facts did not correspond to any criminal offence. The judge acknowledged that the president’s position may have given the memecoin launch greater impact, but said this did not constitute a fraudulent scheme in itself. According to a parliamentary inquiry commission, more than 114,000 wallets lost money, with losses of up to $100,000, while eight wallets linked to the token’s creator reportedly withdrew about $99 million. Hayden Davis, one of the project’s promoters, admitted to controlling nearly $100 million after the price collapse while denying any wrongdoing.
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