TL;DR
- Judge María Servini ordered the lifting of bank secrecy on Javier Milei and his sister to review their transactions related to the LIBRA case.
- Three close associates of the President connected to Hayden Davis, the person behind LIBRA, have had their assets frozen and are under investigation for possible irregularities.
- Milei and his sister missed a key hearing aimed at progressing a civil lawsuit seeking over $4.5 million in damages.
The Argentine judiciary is advancing its investigation into the LIBRA case, which involves President Javier Milei, his sister Karina, and several collaborators linked to the crypto world.
Judge María Servini instructed the Central Bank to lift bank secrecy on Milei and his sister, allowing a full review of all transactions since 2023. This step aims to clarify potential financial irregularities connected to the controversial LIBRA cryptocurrency, whose launch caused millions in losses for several investors.
Additionally, the judge expanded the request for information to three individuals close to Milei and linked to Hayden Davis, head of Kelsier Ventures, the firm behind LIBRA. These individuals—Mauricio Novelli, Sergio Morales, and Manuel Terrones Godoy—also have their assets frozen as part of the investigation. In particular, Novelli and some family members are being investigated for a possible emptying of safe deposit boxes at a bank, a situation that coincides with the days following the cryptocurrency’s promotion.
Milei and His Sister Missed a Hearing
Javier Milei and Karina did not attend a civil mediation hearing, called as a preliminary step toward a possible lawsuit for damages filed by a group of victims who claim losses estimated at $4.5 million. Neither they nor their lawyers showed up, while only a lawyer connected to one of the other accused attended the session via Zoom.
The LIBRA case began in February 2025, when Milei tweeted to promote the cryptocurrency. LIBRA’s value initially rose but soon collapsed, leaving many investors with significant losses. Later, the President claimed he was not informed about the project’s management.
Meanwhile, authorities continue to investigate the financial operations and fund management tied to LIBRA. Some assets have been moved to centralized exchanges, possibly indicating an intention to sell. Hayden Davis remains under scrutiny but has so far avoided stricter legal actions such as freezing his digital assets
