Argentinian President Javier Milei is in serious trouble after a judge asked the country’s central bank to revoke his banking secrecy privileges, as investigators examine financial dealings involving him, his associates, and his sister specifically in connection with the team behind the $LIBRA token project.
Federal Judge María Servini, who is presiding over the Libra case, requested the Central Bank of Argentina to unseal the president’s accounts, as well as those of individuals close to him, particularly his sister, who reportedly engaged with some of the Libra co-founders prior to the token’s launch, according to the local news site Página 12.
Earlier this week, the judge also ordered the freezing of assets belonging to the businessmen involved in creating and promoting the cryptocurrency, as part of the ongoing investigation into potential criminal responsibility for the fraud operation linked to Milei.
President Milei and his sister didn’t appear at a court’s mediation session, a step that could lead to a civil lawsuit. The summons was filed by an Argentine lawyer representing 25 local and international victims. Milei has denied any wrongdoing, downplaying claims that many Argentinians lost money and stating that he only supported the project as a “super technology enthusiast.”
The scandal surrounding the failed cryptocurrency $LIBRA began on February 14, when Milei published a post on the social media platform X promoting its launch. The token’s value initially surged, prompting a wave of purchases, but within hours it sharply declined. Milei later issued a clarification, claiming he was unaware of the business behind the project.
