Milei and Libra Coin: President of Argentina ignores $LIBRA case and judge breaks bank secrecy

• President Milei under investigation over Libra token scandal
• Judge requests the lifting of confidentiality of Milei and her sister's accounts
• Token plummeted 90% after Milei's promotion in Argentina

The Argentine Justice Department has stepped up its investigation into the scandal involving President Javier Milei and the collapse of the $LIBRA token, with new measures that include a request to break the bank secrecy of the president and his sister, Karina Milei. The request came from federal judge María Servini, who is coordinating the case related to the controversial cryptocurrency that gained notoriety after Milei's public support and its subsequent devaluation.

According to the newspaper Página12, the judge ordered the Central Bank of Argentina to release the financial data of both Milei and Karina. The measure comes amid investigations into the connections of the president's sister with some co-founders of the Libra token before its launch, which could indicate direct involvement with the project.

The token, promoted by Milei on national television, collapsed by more than 90% in a few hours, leading to millions in losses for local and foreign investors. The situation was dubbed “CryptoGate” by the Argentine press, becoming one of the biggest political crises of the current government.

According to the publication, Judge Servini had already ordered the freezing of the assets of three co-founders of the memecoin and now prosecutors are evaluating video images in which the mother and sister of one of the co-founders appear emptying bank vaults the day after Milei promoted the token.

Both the president and his sister refused to attend a mediation hearing scheduled as part of a civil lawsuit filed by an Argentine lawyer on behalf of 25 aggrieved investors. Their absence could speed up the progress of the case.

Javier Milei defended himself against the accusations by stating that there was no bad faith in his participation and that his support for the project was motivated only by technological enthusiasm. “I just wanted to publicize the project as a super technology enthusiast,” the president told the press.