The case followed the collapse of a cryptocurrency Milei said would fund small businesses. Prosecutors requested its dismissal, ending the case against the president and his sister.
A federal judge in Argentina has dismissed the criminal case against President Javier Milei and his sister Karina Milei over the Libra cryptocurrency collapse. Judge Marcelo Martinez de Giorgi acted at prosecutors’ request, according to court records reported by the BBC on 23 October.
The case followed Milei’s February 2025 social-media post about the newly launched cryptocurrency. Its price surged after he shared a link to buy it, then collapsed within hours, leaving investors with losses of most of their money, according to the BBC’s account.
In dismissing the case, the judge said “the reported events do not fall under a legal category” and concluded that no “criminally relevant deception” had been proven. The decision ends this criminal case against the two siblings.
In the post, Milei said Libra would help fund small businesses and start-ups. Within a few hours, he deleted the post and the token’s value plunged. Fraud allegations followed.
Milei denied promoting the cryptocurrency, telling local broadcaster Todo Noticias: “I didn’t promote it, I merely shared it”. He said he had acted “in good faith”. Explaining why he deleted the post, he said he had not known the project’s details and, after learning about them, had decided not to continue promoting it.
Milei had not responded to the dismissal when the BBC published its report on 23 October.
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