An Argentine federal judge has dismissed the LIBRA criminal case. Judge Marcelo Martínez de Giorgi cleared President Javier Milei, his sister Karina, token adviser Hayden Davis and eight others on Friday, finding the reported events "do not fall under a legal category" and no criminally relevant deception was proven. None of the 11 were ever formally questioned.
Quick recap. Milei posted about LIBRA on X on Feb 14, 2025. The Solana memecoin ran to about $5, then lost more than 95% of its value, while wallets linked to its creator withdrew around $99M, per CoinDesk.
Where it stands today: CoinGecko has LIBRA at about $0.0025, roughly 99.9% below that peak. Its biggest DexScreener pool holds under $5K in liquidity and traded less than $500 in the last 24 hours (checked 02:43 UTC+8, Oct 25).
The case may not be fully over. The prosecutor asked for the dismissal and isn't expected to appeal, but investors removed as plaintiffs in July are challenging that at Argentina's Federal Criminal Cassation Court. If they get back in, they can appeal.
The ruling settles who goes to court, not who got paid. A famous name posting a contract address is not due diligence. Check who holds the supply and who can pull the liquidity before you buy.
$SOL
#Memecoin #CryptoNews
NFA. DYOR.
Quick recap. Milei posted about LIBRA on X on Feb 14, 2025. The Solana memecoin ran to about $5, then lost more than 95% of its value, while wallets linked to its creator withdrew around $99M, per CoinDesk.
Where it stands today: CoinGecko has LIBRA at about $0.0025, roughly 99.9% below that peak. Its biggest DexScreener pool holds under $5K in liquidity and traded less than $500 in the last 24 hours (checked 02:43 UTC+8, Oct 25).
The case may not be fully over. The prosecutor asked for the dismissal and isn't expected to appeal, but investors removed as plaintiffs in July are challenging that at Argentina's Federal Criminal Cassation Court. If they get back in, they can appeal.
The ruling settles who goes to court, not who got paid. A famous name posting a contract address is not due diligence. Check who holds the supply and who can pull the liquidity before you buy.
$SOL
#Memecoin #CryptoNews
NFA. DYOR.