Politics Economy Local 2025-12-05T16:27:47+00:00

Argentina's Supreme Court Allows Crypto Investors to Join $LIBRA Lawsuit

Argentina's Supreme Court has dismissed appeals from defendants in the $LIBRA crypto case, upholding the right for investors who lost millions to join the legal proceedings as private complainants. The investigation is ongoing.


Argentina's Supreme Court Allows Crypto Investors to Join $LIBRA Lawsuit

In February 2025, Judge María Servini, who initially intervened in the case, had rejected the request of three investors represented by Grabois and other lawyers. However, the Federal Chamber of Buenos Aires overturned that decision and held that “the standing of the accusers does not depend on the proof of the crime's existence, but on the initial account that justifies the investigation.__IP__After the refusal, the defense insisted before the Chamber of Cassation, where after another setback, they filed a complaint with the Supreme Court, arguing arbitrariness and violation of due process. The ministers of the highest court unanimously rejected the motion, leaving Grabois's participation as a complainant in the investigation firm. With the rejection of the highest court, Judge Marcelo Martínez de Giorgi must now decide whether to accept the incorporation of Vitalievna as a complainant and whether to grant her request to expand the embargo on the assets of Hayden Davis, the project's promoter, who considered the current confiscation, set at US$25,000, as 'ridiculous' and 'irrational'. Buenos Aires, December 5 (NA) – The Supreme Court of Justice dismissed the motions of the defenses of Mauricio Novelli and Manuel Terrones Godoy, both investigated for their alleged participation in the launch and subsequent fall of $LIBRA, a crypto asset that was disseminated by a publication from President Javier Milei on the social network 'X'. The accused sought to exclude a group of victims represented by lawyer and deputy Juan Grabois, but the judges Horacio Rosatti, Carlos Rosenkrantz, and Ricardo Lorenzetti considered that the complaint filed by the defense of Novelli and Terrones Godoy was not directed against a final sentence. The case, whose investigation is delegated to federal prosecutor Eduardo Taiano, aims to determine if there was a 'rug pull' scheme, a process in which the value of the cryptocurrency is artificially inflated and then caused to collapse, generating extraordinary profits for the developers and losses for thousands of investors. In this context, Krasutskaya Sviatlana Vitalievna, a Belarusian citizen, appeared before Judge Marcelo Martínez De Giorgi requesting to be recognized as a private victim after ensuring she had lost US$1,768,079 due to the move generated by Milei, who at the time said he endorsed the project as an engine for the Argentine economy. The dispute over the participation of the victims as complainants has been escalating since the beginning of the year.