- The website for Argentinian President Javier Milei’s Viva La Libertad Project, linked to the LIBRA token, has been taken down.
- The token has lost 99% of its market value since Milei endorsed it in February.
- Despite the website’s disappearance, millions of dollars connected to LIBRA wallets continue moving across blockchains.
- Legal actions are ongoing, including asset freezes and court hearings about attempts to anonymize crypto transactions.
- An Argentine congressional report accuses Milei of possible misconduct and calls for criminal charges against officials obstructing the investigation.
The website for Argentinian President Javier Milei’s Viva La Libertad Project, which promoted funding for local businesses through profits from the controversial LIBRA token, was recently taken offline. This development occurred while wallets linked to LIBRA continued to transfer millions of dollars.
The Viva La Libertad Project site allowed small businesses to apply for funding supposedly raised by the LIBRA token. Since Milei’s public endorsement of the token on February 18, its market capitalization has dropped by 99%. The project now faces multiple lawsuits amid allegations of corruption. Programmers and analysts are investigating to uncover the full scope of the case and recover lost funds.
Developer Maximiliano Firtman noted on X that the site operated for nine months before its removal. He suggested it was either deliberately shut down or could no longer afford the third-party service Weglot, which kept it online. Firtman ruled out temporary technical issues or an expired prepaid plan as causes. He also mentioned that the application form for funding remains accessible, but no one has claimed site administration during ongoing legal proceedings.
Significant fund movements related to LIBRA have continued. Analysts reported a multisignature wallet labeled “Milei” transferring $9 million worth of the cryptocurrency SOL into the stablecoin USDC and then converting it into USDT on the Tron blockchain. This followed earlier activity where LIBRA wallets exchanged $61.5 million in USDC for SOL. The law firm Burwick Law, representing US plaintiffs in the case, believes these transactions are an attempt to anonymize funds. They requested a freezing order to prevent defendants from using methods that hide crypto transaction trails. A court hearing scheduled for today aims to determine the order’s outcome.
Meanwhile, in Argentina, a congressional committee released a report accusing Milei of possible misconduct during his tenure and recommending that Congress consider filing criminal charges against several officials. These include the Minister of Justice, head of the Anti-Corruption Office, and the former leader of the LIBRA investigation unit, which Milei disbanded in May. Additionally, a judge ordered assets of Hayden Davis—accused as a LIBRA token intermediary—and two others to be frozen pending further investigation.
For further details, see Maximiliano Firtman’s commentary, the fund movement analysis by Fernando Molina, and the congressional final report.
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