More than 110,000 on-chain addresses lost real money
Wallets linked to the project pulled out around $100 million in liquidity
After a full 20 months of wrangling
an Argentine federal judge summarily dismissed the criminal investigation into President Milei
The dismissal ruling issued by Federal Judge Marcelo on October 23
clearly defines the limits of legal immunity for celebrity token launches
The court accepted the Anti-Corruption Office's findings
and ruled that Milei's reposting of a link to the LIBRA project from his personal social media account on February 14, 2025
was private speech, not an official administrative act carried out in his capacity as president
The existing evidence was insufficient to prove that he and his sister Karina committed fraud or abused their authority
As soon as the ruling came down, Milei fired back by seeking compensation over the accusations made against him over the past 20 months
The moment the gavel fell
political figures walked away unscathed
but no one paid for the on-chain debacle, where a $4.5 billion valuation instantly plunged by 90%
Between 40,000 and 110,000 retail wallets that piled in at the peak
had already seen their $250 million in real money turn to ash in smart contracts
This case leaves everyone eager to jump into celebrity meme coins with one of the coldest verdicts imaginable
Big shots can delete a post in a second and face no criminal liability
while the tokens you bought at the peak don't even come with an opportunity to appeal
$SOL $BTC
#阿根廷法院驳回米莱LIBRA案 #LIBRA #米莱 #SOL #Risk
Wallets linked to the project pulled out around $100 million in liquidity
After a full 20 months of wrangling
an Argentine federal judge summarily dismissed the criminal investigation into President Milei
The dismissal ruling issued by Federal Judge Marcelo on October 23
clearly defines the limits of legal immunity for celebrity token launches
The court accepted the Anti-Corruption Office's findings
and ruled that Milei's reposting of a link to the LIBRA project from his personal social media account on February 14, 2025
was private speech, not an official administrative act carried out in his capacity as president
The existing evidence was insufficient to prove that he and his sister Karina committed fraud or abused their authority
As soon as the ruling came down, Milei fired back by seeking compensation over the accusations made against him over the past 20 months
The moment the gavel fell
political figures walked away unscathed
but no one paid for the on-chain debacle, where a $4.5 billion valuation instantly plunged by 90%
Between 40,000 and 110,000 retail wallets that piled in at the peak
had already seen their $250 million in real money turn to ash in smart contracts
This case leaves everyone eager to jump into celebrity meme coins with one of the coldest verdicts imaginable
Big shots can delete a post in a second and face no criminal liability
while the tokens you bought at the peak don't even come with an opportunity to appeal
$SOL $BTC
#阿根廷法院驳回米莱LIBRA案 #LIBRA #米莱 #SOL #Risk
