Controversial LIBRA Cryptocurrency Investigation
An ongoing inquiry into the controversial LIBRA cryptocurrency has prompted Judge María Servini to authorize the Central Bank of Argentina to unseal the bank statements of President Javier Milei and his sister, Karina. This decision comes as part of a broader effort to investigate potential financial irregularities tied to the cryptocurrency, which has been implicated in significant financial losses for investors following its launch in early 2025.
Legal Developments and Allegations
The LIBRA case, which started gaining attention when Milei publicly endorsed the cryptocurrency in February 2025, has since spiraled into a legal battle involving numerous parties. Judge Servini’s order allows for scrutiny of all banking transactions related to the Mileis since the beginning of the year, seeking to establish a clearer picture of the financial dealings associated with LIBRA’s controversial rollout.
“The investigation seeks to uncover the flow of funds associated with LIBRA, which enjoyed a surge in value post-launch, only to rapidly decline thereafter.”
In a related development, three associates of Milei—Mauricio Novelli, Sergio Morales, and Manuel Terrones Godoy—have found their assets frozen amid the investigation. These individuals have connections to Hayden Davis, the entrepreneur behind Kelsier Ventures, the company responsible for LIBRA’s development. Notably, Novelli and certain family members face allegations regarding the potential clearance of safe deposit boxes during a critical period shortly after LIBRA’s promotional activities.
Mediation Hearing Absence
Additionally, Javier Milei and Karina were notably absent from a crucial civil mediation hearing, which sought to address a lawsuit filed by a group of victims claiming over $4.5 million in damages stemming from their investments in LIBRA. Their absence raised questions, as neither the Mileis nor their legal representatives attended, with only an attorney representing one of the other implicated parties participating via Zoom.
As the investigation continues, Argentine authorities are carefully examining the flow of funds associated with LIBRA. Despite the scrutiny, Hayden Davis has managed to evade more severe legal repercussions, avoiding actions such as freezing his digital assets thus far.
