A prison investigation into Argentine President Javier Milei and his sister’s hyperlinks to a cryptocurrency scandal has been dropped.
The case against Milei and his sister Karina Milei was dismissed by federal decide Marcelo Martinez de Giorgi at the request of prosecutors, court data show.
The Argentinian president had denied selling the newly launched cryptocoin $Libra , which collapsed shortly after he talked about it in a social media post in February 2025.
He said he had acted “in good faith” when the cryptocurrency rose in worth before crashing and inflicting enormous losses for the majority of its buyers. Milei is yet to reply to information of the case being dropped.
Dismissing the case, the decide said “the reported events do not fall under a legal category”, and concluded that no “criminally relevant deception” had been confirmed.
Accusations of fraud arose when Milei posted on X, previously Twitter, about the $Libra coin, which he said at the time would help fund small companies and start-ups.
The cryptocurrency’s price subsequently shot up when the Argentine president shared a hyperlink to buy it.
But, within a few hours, he deleted his post and the crypto nosedived in worth, shedding buyers most of their money.
It led opposition members of Congress to plan impeachment proceedings, while some online accused Milei of a “rug pull” – where promoters of a cryptocurrency draw in patrons, only to stop trading exercise and make off with the money raised from gross sales.
The Argentinian president, though, insisted: “I didn’t promote it, I merely shared it” in an interview with native media Todo Noticias’.
The presidential workplace insisted that Milei was in no method concerned in the development of $Libra and announced that the Anti-Corruption Office would decide if the president had acted improperly.
Milei himself defended deleting his post, saying that at the time he did not know “the details of the project and after learning about it, I decided not to continue promoting it”.
And, in a TV interview, he insisted that those who invested in $Libra had carried out so “voluntarily” and knew of the dangers.
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