Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
LIBRA Case Judge Unseals Bank Records, While Milei Fails to Attend Civil Hearing

LIBRA Case Judge Unseals Bank Records, While Milei Fails to Attend Civil Hearing

CryptoNewsCryptoNews2025/05/19 12:33
By:Shalini Nagarajan

Milei and his sister reportedly missed a mediation hearing for a civil lawsuit over the LIBRA scam, raising the likelihood of further legal actions.

The investigation into Argentina’s failed LIBRA cryptocurrency continues to intensify, with federal Judge María Servini unsealing bank records related to President Javier Milei and his sister, Karina.

Local media outlet Pagina12 reported Friday that the judge has instructed the Central Bank to lift the bank secrecy on their accounts as part of the ongoing probe into the multi-million-dollar scam.

The investigation has drawn significant political attention. It also extends to several individuals involved in promoting the cryptocurrency, including people close to Milei.

An Argentine federal judge has ordered the freezing of assets belonging to key figures behind the LIBRA memecoin project as investigators examine potential fraud linked to the digital token’s promotion, including scrutiny of financial operations tied to President Javier Milei and… pic.twitter.com/rnlilsL0mj

— ICO Drops (@ICODrops) May 19, 2025

LIBRA Investigation Expands, With Bank Records of Milei and His Sister Being Examined

The controversy began in February when Milei used his official X account to promote LIBRA, describing it as a project aimed at supporting Argentina’s economy by funding small businesses.

This post sparked initially sparked a surge in the cryptocurrency’s value. But it quickly collapsed, leaving many investors facing substantial losses . Shortly after, the Argentine government’s lower house voted to investigate senior officials , including Milei, who had been closely linked to the promotion of the token.

Judge Servini’s decision to unseal the bank records for Milei and his sister marks a big development in the investigation. The records from 2023 onward will be closely examined, following allegations of financial wrongdoing tied to the LIBRA promotion.

Milei and Sister’s Absence From Mediation Raises Questions

Additionally, Servini ordered the freezing of bank accounts linked to several key figures in the cryptocurrency’s creation and promotion. This includes businessman Mauricio Novelli and former National Securities Commission advisor, Sergio Morales.

Further, it was revealed that Milei and his sister failed to attend a mediation hearing. This hearing was scheduled as part of a civil lawsuit seeking damages for the scam. Neither Milei nor Karina sent legal representatives. As a result, the prospect of further legal actions has increased.

A group of victims, both local and international, is now pursuing a lawsuit. They are seeking compensation for losses estimated at $4.5m.

Novelli’s Family Under Investigation After Footage Shows Suspicious Bank Activity

In connection with the case, security footage emerged showing Novelli’s family members, including his mother and sister, allegedly removing items from safe deposit boxes at a bank on Feb. 17. This occurred just days after Milei’s promotional post.

As a result, further scrutiny has been sparked. Prosecutors are now investigating whether these actions were connected to the scam’s funds.

As the LIBRA case unfolds, the broader implications for Milei and his political career continue to grow, as both legal and financial scrutiny on the president’s actions intensifies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!