Despite no longer being front-page news, the investigation into the $LIBRA crypto scandal involving President Javier Milei and members of his inner circle is still trudging along. 

The Argentine judiciary’s investigation since early 2025 focused on determining the sequence of events and whether criminal acts were committed. Another key aspect was determining who the affected parties were, as the token was followed by investors worldwide. Many of them filed legal complaints, requesting to be part of the class action, as they had been victims of a scam. 

While the judiciary initially accepted their claims, their situation could be on the verge of shifting rapidly. 

Last month, a judge decided to remove the traders who were part of the plaintiff. 

According to the ruling, the five men — Juan Patricio Marchetto, Alan Vega, Matías Alejandro Paris, Braian Emanuel Quintero, and Martín Romeo — were excluded on the grounds that the magistrate described the cryptocurrency as a “memecoin,” meaning that investing in it carried inherent risk. 

President Javier Milei had previously claimed that the $LIBRA token was a tool to “help small and medium enterprises.” 

The decision means the investors who claim they were defrauded will no longer have access to the case file or be able to request that new evidence be admitted.

The investors appealed the decision, with the Federal Appeals Chamber set to decide whether the alleged victims of the $LIBRA crypto scandal can stay on. The ruling could happen as early as next week.

The ramifications could be meaningful. If their request is denied, the only official avenue to move the investigation forward is prosecutor Eduardo Taiano, who has been accused of failing to advance the case.

On February 14, 2025, Milei made an X post supporting a........

© Buenos Aires Herald