Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
The judge found that Milei’s promotion of LIBRA did not constitute fraud, despite the attention his support drew to the token.
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Summary
- An Argentine judge dismissed the criminal probe into President Javier Milei, his sister Karina and LIBRA adviser Hayden Davis.
- The judge found that Milei’s promotion of LIBRA did not constitute fraud, despite the attention his support drew to the token.
- LIBRA lost more than 95% of its value after reaching about $5, while wallets linked to its creator withdrew around $99 million in cryptocurrency.
