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3 clusters · 22 sources · 28 days · First seen · Last updated

$LIBRA cryptocurrency fraud legal proceedings

Overview

Legal proceedings continue in the Argentine Federal Chamber regarding the $LIBRA cryptocurrency case. The dispute centers on whether five investors, including Martín Romeo, can regain their status as plaintiffs after a court decision previously questioned their standing to intervene.

Romeo, represented by attorney Nicolás Oszust, has filed a memorial requesting the revocation of the ruling. He argues that the collapse of $LIBRA was not caused by natural market volatility or inherent risks, but was instead a “monumental scam.” The complainant alleges a deliberate scheme to attract funds following a tweet by President Javier Milei on February 14, 2025, claiming the maneuver resulted in $286 million in damages across approximately 84,000 victims.

In opposition, organizer Mauricio Novelli is requesting the court to uphold the exclusion of the investors. The defense contends that the participants voluntarily assumed market risks and that the case is an attempt to reclassify speculative losses as criminal fraud. Furthermore, the defense asserts that President Milei bears no criminal responsibility for his social media activity regarding the asset.

In a recent development, the Federal Chamber of Appeals in Buenos Aires upheld the decision to remove the investors from their role as complainants. Judges Mariano Llorens and Pablo Bertuzzi confirmed a previous ruling by federal judge Marcelo Martínez de Giorgi, stating that the investors failed to prove a fraudulent scheme. The court characterized the transactions as occurring within a “highly volatile business” where buyers voluntarily assumed significant risk. While the criminal investigation into the token's launch and collapse remains open, the decision weakens the legal standing of those seeking to drive the prosecution.

Entities

Marcelo Martínez De Giorgi · Cámara Federal de Apelaciones · Federal Chamber of Buenos Aires · Mauricio Macri · $LIBRA

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. 7 days ago

    [INTERNATIONAL] 17 sources
    Argentine Federal Chamber rules in $LIBRA and IMF loan cases

    The Argentine Federal Chamber confirmed the exclusion of five investors from the $LIBRA crypto case and dismissed the investigation into Mauricio Macri and Luis Caputo regarding a 2018 IMF loan.

  2. about 1 month ago

    [CRIME] 3 sources
    Argentina Federal Court to hear $LIBRA cryptocurrency fraud case

    An Argentine Federal Chamber hearing will decide if five investors can rejoin the $LIBRA cryptocurrency case, amid conflicting claims of a “monumental scam” versus voluntary market risk.

  3. about 1 month ago

    [CRIME] 2 sources
    $LIBRA cryptocurrency case: Complainant challenges judicial ruling

    Complainant Martín Romeo has challenged a judicial decision regarding his standing in the $LIBRA cryptocurrency case, alleging the token's collapse was a

Sources

bairesparatodos.com.ar · canal13sanjuan.com · centraldenoticiasmadariaga.com · cuarto.com.ar · depo.com.ar · diariopampero.com · el-periodico.com.ar · elmonterizo.com · esnoticiatdf.com · filo.news · glorioustrainwrecks.com · lapioneradeclorinda.com · losprimeros.tv · miradorprovincial.com · nden.com.ar · perfil.com · planbnoticias.com.ar · playradios.com.ar · radiociudadoran.com.ar · rosariolaciudad.com.ar · sanluis24.com.ar · sitiosargentina.com.ar

This summary has been updated 2 times: see revision history