# Argentina’s $LIBRA case ends with controversial dismissal

> Argentine court dismisses $LIBRA crypto case against Milei, sparking backlash over alleged government-judge favoritism.
- Title: Argentina’s $LIBRA case ends with controversial dismissal
- Summary: Argentine court dismisses $LIBRA crypto case against Milei, sparking backlash over alleged government-judge favoritism. Argentine federal court dismissed…
- Keywords: argentina, libra, javier milei, president, crypto, scandal, corruption, anti-corruption office, procuraduria, investigation, court, dismissal
- Source: Argentina Reports — https://argentinareports.com/the-rise-and-fall-of-argentinas-libra-case-the-crypto-scandal-that-threatened-milei-and-ended-in-a-controversial-dismissal/4369
- Author: Mariano Vidal
- Published: 2026-11-02T23:02:44+00:00
- Read time: 2 min
- Topics: argentina, libra, javier milei, president, crypto, scandal, corruption, anti-corruption office, procuraduria, investigation, court, dismissal
## Court dismisses $LIBRA case
Argentine federal court closed the $LIBRA cryptocurrency case on October 23, 2026, dismissing complaints against President Javier Milei and ten other suspects.

> It’s outrageous to use the Anti-Corruption Office’s report to validate something Milei did. The office answers to Milei
## Opposition and victims criticize ruling
The opposition and alleged victims condemned the dismissal, claiming it reflected an alleged exchange of favors between the government and judges investigating the case.
## Prosecutor requests continued investigation
Another prosecutor specializing in government corruption cases asked the judge to allow the investigation to continue, arguing there was still evidence to examine.
## Judge’s decision based on Anti-Corruption report
Judge Marcelo Martínez de Giorgi ended the investigation 10 days earlier after prosecutor Eduardo Taiano claimed there were no grounds to investigate a crime.
## Victims challenge removal as plaintiffs
Alleged victims appealed their removal as plaintiffs, arguing they retained the status of pretensos querellantes until the courts ruled on the appeal.
## Procuraduria challenges dismissal
The Administrative Investigations Office (PIA) challenged the dismissal of eleven suspects, arguing the investigation contained indications of a possible fraudulent scheme.
## Prosecutor Sergio Rodríguez seeks to continue
Prosecutor Sergio Rodríguez requested to take over the investigation, listing outstanding measures including blockchain analysis and forensic examinations of cellphones.
## Case details: $LIBRA launch
President Milei shared a 44-character smart contract address for $LIBRA on February 14, 2025, claiming it would fund small businesses in Argentina.
## Token price surge and crash
The token’s price jumped from fractions of a cent to nearly $5 before plunging 40 minutes later, leaving thousands with losses.
## Liquidity pull and accusations
The token’s creators pulled nearly $110 million in liquidity from the market, a maneuver known as a 'pump and dump', prompting accusations of a crypto scam.
## Milei’s X account used personally
Milei maintained he used his X account in a personal capacity, not as head of state, according to the Anti-Corruption Office report.
## Legal challenges to dismissal
Investors filed appeals after the judge removed them as plaintiffs, arguing they retained the status of pretensos querellantes until the courts ruled.
## Prosecutor’s evidence of fraud
The case investigates whether $LIBRA was created to deceptively induce investments using the president’s promotion before collecting funds and fleeing.
## Milei’s reaction to ruling
Milei lashed out at the media, spoke of a 'press operation', and threatened legal action against journalists he accused of defaming him.

> The sons of bitches should be burned at the stake
## Key takeaway

Argentine federal court dismissed $LIBRA crypto case against President Milei, with victims and prosecutors challenging the ruling as evidence of government-judge collusion.