Argentine Judge Freezes Assets in LIBRA Memecoin Probe, Milei’s Ties Scrutinized

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-16 20:28:02

An Argentine federal judge has ordered asset freezes targeting central figures behind the LIBRA memecoin project amid a widening fraud investigation. The probe examines potential pump-and-dump schemes linked to the token’s promotion, which gained notoriety after President Javier Milei endorsed it on social media in February.

Judge María Servini’s May 14 ruling includes lifting banking secrecy protections for both Milei and his sister Karina, enabling forensic examination of their financial transactions for irregularities. The case highlights growing regulatory scrutiny of celebrity-backed cryptocurrency projects and their potential ties to political figures.

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