Argentine President’s Bank Records Sought in LIBRA Coin Investigation

Judge Maria Servini has mandated banks to provide account statements for Argentine President Javier Milei as part of a civil lawsuit concerning the promotion of the meme coin LIBRA, according to local media.

The request also extends to his sister, Karina Milei, who is suspected of collaborating with businessmen involved in launching the token. Both failed to attend the hearings and did not send their lawyers.

On February 14, Javier Milei posted on X, sharing a link to the LIBRA website and contract address. The coin, debuting that day, reached a market capitalization of $4.56 billion, but its price subsequently plummeted by 94%.

Following the collapse, Milei withdrew his support for the project, claiming he lacked complete information. Amid the scandal, the opposition called for the president’s impeachment. Argentina’s chief prosecutor, Eduardo Taiano, demanded the freezing of LIBRA-related assets worth approximately $100 million and the recovery of deleted messages, including Milei’s tweet.

In April, the Argentine parliament approved an investigation into officials’ roles in the meme coin affair.

According to media reports, in the course of investigating criminal fraud charges, the court has frozen the assets of businessmen involved in the project:

• Mauricio Novelli, founder of Tech Forum Argentina;
• Sergio Morales, former advisor to the National Securities Commission;
• YouTuber Manuel Terrones Godoy.

Prosecutors are also examining video footage allegedly showing Novelli’s mother and sister emptying bank vaults on February 17, which had been opened a few days earlier. This occurred on the first business day following Milei’s promotion of the meme token.

As reported, the US Department of Justice has initiated an investigation into the Argentine president’s role in promoting LIBRA.