- The inquiry focuses on bank transactions of Javier Milei, his sister Karina Milei, and several individuals linked to the LIBRA cryptocurrency project.
- Victims of the LIBRA scam reported losses totaling $4.5 million.
- The Milei siblings did not attend a scheduled court hearing; only a lawyer for one accused individual appeared.
- The assets of three “crypto bros” connected to the case have been frozen as the investigation expands.
An Argentine judge has ordered the country’s central bank to lift bank secrecy protections for President Javier Milei and his sister, Karina Milei, as part of a probe into their financial activities. The order allows investigators to review banking transactions from 2023 to determine if there are any links to an alleged cryptocurrency fraud scheme connected to the LIBRA platform.
According to reporting by Pagina 12, Judge María Servini issued the order on Wednesday. The same day, both Milei siblings failed to attend a scheduled mediation hearing regarding a civil lawsuit filed by individuals who claim to have lost a combined $4.5 million in the LIBRA scam.
The mediation session took place via Zoom. Neither Javier Milei nor Karina Milei sent legal representatives, while only the lawyer for Manuel Terrones Godoy—one of the accused “crypto bros”—joined the session. The investigation also names Mauricio Novelli and Sergio Morales as suspects.
Earlier this week, Judge Servini froze the assets of the three men connected to Hayden Davis and the LIBRA project, as the authorities look into potential fraud involving the cryptocurrency scheme.
Reports state that Javier Milei became linked to political controversy after making a social media post about LIBRA three months ago. The post drew criticism and reportedly affected his public approval.
Hayden Davis and his company, Kelsier Ventures, launched LIBRA and have allegedly moved funds from the scheme to various centralized crypto exchanges. The ultimate destination of these assets remains unclear, but the transactions may be an attempt to liquidate the holdings.
Media outlets such as Pagina 12 have questioned why Hayden Davis himself has not faced more scrutiny, or why his wallets have not been frozen during the investigation. The wider probe is ongoing, with further investigative action expected as authorities review banking records and asset movement related to the LIBRA project.
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