HomeCrimeArgentina drops probe into President Milei and sister over meme coin scandal

Argentina drops probe into President Milei and sister over meme coin scandal

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By Leila Miller

BUENOS ‌AIRES, Oct 23 (Reuters) - A criminal ​investigation into the role of Argentine President ⁠Javier Milei and his sister Karina Milei in a meme coin scandal was ​dropped on Friday, according to court records.

Federal ‌judge Marcelo Martinez de Giorgi gave the order after prosecutor Eduardo Taiano asked for the dismissal, ⁠according to local outlet La ⁠Nacion.

A judge was assigned in February 2025 to investigate Milei's role in promoting a cryptocurrency that crashed. Milei had ‌recommended the little-known crypto coin $LIBRA in a ⁠posting on X, kicking ‌off a brief rally. ​He later deleted the posting and denied having any link to the ‌cryptocurrency, which soon plunged.

The investigation ​had looked ⁠into possible fraud involved in the ‌coin's launch.

At the ⁠time of the currency's crash, Milei said he had acted "in good faith" and accused his ​political rivals ‌of trying to take advantage of the ⁠situation.

(Reporting by Leila ​Miller, Editing by Daina Beth Solomon ​and Iñigo Alexander)

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