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$LIBRA cryptocurrency fraud legal proceedings

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-09-05 02:56 UTC → 2026-09-29 16:23 UTC · added removed

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 case have reached a memorial requesting the revocation of the ruling. He argues that significant impasse in the collapse Argentine Federal Chamber of $LIBRA was not caused by natural market volatility or inherent risks, but was instead a “monumental scam.” The complainant alleges a deliberate scheme Appeals. Judges Mariano Llorens, Pablo Bertuzzi, and Pablo Yadarola have rejected cassation appeals from investors Martín Romeo, Matías Alejandro Paris, Juan Patricio Marchetto, and Alan Vega, who sought to attract funds following a tweet by President Javier Milei on February 14, 2025, claiming the maneuver resulted in $286 million be recognized as complainants in damages across approximately 84,000 victims. In opposition, organizer Mauricio Novelli is requesting the court to uphold the exclusion of the investors. investigation. The defense contends that court declared the participants voluntarily assumed market risks and appeals inadmissible, ruling that the case is an attempt investors failed 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 demonstrate the decision specific legal errors necessary to remove overturn the investors from their role as complainants. Judges Mariano Llorens and Pablo Bertuzzi confirmed a previous ruling decision by federal judge Judge Marcelo Martínez de Giorgi, stating Giorgi. While the judges acknowledged that excluding a complainant can cause irreparable harm by limiting a victim’s ability to act as an accuser, they maintained that the investors did not provide sufficient arguments to justify the legal channel used. This follows earlier rulings confirming the exclusion of these individuals—including Braian Emanuel Quintero—on the grounds that they failed to prove a fraudulent scheme. specific deceptive maneuver. The court characterized reiterated that the transactions as occurring occurred within a “highly volatile business” volatile, unregulated market” where buyers participants voluntarily assumed significant risk. inherent risks. While the decision significantly weakens the ability of these investors to drive the prosecution, the court clarified that this is not a final decision on the merits of the fraud allegations themselves. The criminal investigation into the token's token’s launch and collapse remains open, the decision weakens the open. The investors’ remaining legal standing recourse is to file a direct complaint with the Federal Chamber of those seeking Criminal Cassation to drive request a review of the prosecution. denial.

Versions

  1. 2026-09-29 16:23 UTC $LIBRA cryptocurrency fraud legal proceedings
  2. 2026-09-05 02:56 UTC $LIBRA cryptocurrency fraud legal proceedings
  3. 2026-09-04 18:44 UTC $LIBRA cryptocurrency fraud legal proceedings
  4. 2026-08-11 18:55 UTC $LIBRA cryptocurrency fraud legal proceedings

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